March 17, 2014 |
Layoffs are underway at Sony Pictures Entertainment, the Sony Corp.-owned film and television studio that vowed late last year to significantly reduce its overhead. The cuts, which began Monday and will continue this week, include employees at divisions throughout the studio, according to a source with knowledge of the matter. The layoffs were felt at the studio's Culver City headquarters and at international offices. Among the divisions said to be deeply affected by the staff reductions is Sony Pictures Interactive, the studio's digital marketing arm. "We are continuously evolving the business to make SPE more efficient and competitive," Sony Pictures spokesman Charles Sipkins said in a statement. PHOTOS: Behind the scenes of movies and TV At an investors conference in November, Sony Pictures executives outlined $250 million in budget cuts that were already underway.
February 3, 2014 |
Disney Interactive, the struggling video game and digital media subsidiary of the Walt Disney Co., is expected to begin a round of layoffs, according to a source with knowledge of the matter. The cuts could come as soon as this week. Disney Interactive, which lost more than $200 million a year between 2008 and 2012, is in a period of transition. The division parted ways with its Co-president John Pleasants in November, just months after the successful launch of its "Disney Infinity" video game. The Wall Street Journal, which first reported news of the layoffs, said Disney Interactive would lay off "several hundred people.
CALIFORNIA | LOCAL
July 6, 2011 |
Costa Mesa cannot lay off employees by outsourcing their jobs to private companies until the city goes through proper legal steps, an Orange County Superior Court judge ruled Tuesday. In a preliminary injunction barring the city from implementing its outsourcing plans, Judge Tam Nomoto Schumann said Costa Mesa must follow necessary steps if it plans to replace 213 employees primarily with private workers. The city issued the layoff notices in March. City officials, meanwhile, said they believed they were in compliance with the law and should be able to execute their austerity measures.
February 18, 2000 |
One week after replacing its two top executives, Internet entertainment start-up Digital Entertainment Network laid off between 50 and 60 employees, according to a company insider. The layoffs reduce the Santa Monica firm's work force by 15% to 20%. The staff reductions were aimed at controlling costs at a company that had ballooned from 60 to 300 employees in less than a year, the insider said. A DEN spokeswoman did not return a call seeking comment.
May 21, 2012 |
Google's acquisition of Motorola Mobility will close in the next two business days, according to a form filed by Motorola Mobility over the weekend. The $12.5-billion takeover, which was announced in August, cleared its final hurdle last week when the Chinese government finally gave the deal a go-ahead, albeit with a condition : Android must remain free and open for the next five years. The deal will give Google an in-house phone manufacturer as the company begins a strategy to fix Android fragmentation by making more unified Android phones and by selling phones directly to customers.
November 9, 2012 |
Citing what he perceives as an Obama administration “war on coal,” an Ohio coal mining executive and prominent Republican donor responded to the results of the presidential election by laying off more than 150 workers. Robert Murray, chief executive of Murray Energy Co., the largest privately held coal company in America, blamed the layoffs on President Obama -- and, by extension, the voters who elected him -- in a memo to employees. “The American people have made their choice,” Murray said in what he called a prayer that he delivered at a staff meeting at which he discussed the layoffs.