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.
November 22, 2013 |
Pixar Animation Studios has laid off an undisclosed number of people at its Emeryville, Calif., headquarters due to the delay of its forthcoming film "The Good Dinosaur. " The layoffs affect less than 5% of the company's 1,200-person workforce, according to a source close to the studio. In September, "The Good Dinosaur" was pushed back from its original release date of May 30, 2014, to Nov. 25, 2015. About a month before the project was delayed, the studio, a unit of Walt Disney Studios, removed director Bob Peterson from the project.
July 6, 2012 |
Employers in June planned to cut the fewest number of workers in more than a year as they try to wait out the upcoming election, according to a report from Challenger, Gray & Christmas Inc. The outplacement consulting company found that planned layoffs announced last month slipped to 37,551, or 39% less than May's 61,887 notices and 9.4% less than the cuts planned in June 2011. The gauge was at its lowest point since May 2011. "Barring some major economic catastrophe, companies in the U.S. are likely to hold steady for the remainder of the year," John A. Challenger, the firm's chief executive, said Thursday.
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.