Disney Lays off 700 People

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Sadly Disney will layoff  about 700 employees from it’s Interactive Division. This division has been struggling lately, so they decided to a restructuring, so to speak. This has been drain on the company financially for quite some time now. Last Year Disney Interactive lost $87 million. Their total loss in the past few years is more than $1 billion.

This decision will affect the consumer because it means there will be less video games made because they are now going to focus more on the fast growing mobile tech. market.

“We are trying to consolidate things and focus largely on the mobile platform,” the president of Disney Interactive, Jimmy Pitaro, said in an interview with Reuters. “The industry is moving very quickly in that direction and we’re making that transition.”

Disney is now planning on licensing most of it’s games to try and recoup some of the lost revenue.

Don’t worry they will still continue with the very popular “Disney Infinity” game franchise. They will also continue to make mobile games and YouTube videos.

Disney will also be shutting down Spoonful.com and and Babyzone.com. They will also be re-designing Disney.com to be more of a promotional type of site, to promote the parks etc.

Wishing you Faith, Trust, and Pixie Dust

Sunshine


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