Variety: Layoffs Hit Both Disney and Fox

Labor News, Industry News

Fox Studios is shown on March 20, 2019 in Los Angeles, California. Walt Disney Company completed a $71.3 billion merger with 21st Century Fox - first announced a year ago - that creates an entertainment behemoth the company says will better position it to compete with the likes of Netflix and other streaming companies when it launches its own service, Disney+ later this year. (Photo by Barbara Davidson/Getty Images)

Reprinted from Variety by  and  on May 15, 2019.

Layoffs are taking place across both Walt Disney Studios and 20th Century Fox on Wednesday, a spokesperson for the combined studios confirmed to Variety. The cuts are being made specifically in film staff, an individual with knowledge of the company said, and come on the heels of the Disney’s $71.3 billion acquisition of much of 21st Century Fox’s film and television assets.

Disney has not said officially which specific departments will be impacted, although the distribution division, particularly staffers overseeing the domestic rollout of films, are expected to be among the hardest hit. Cuts in the publicity and marketing departments are expected to take place on Thursday. More information is expected after pink slips are handed out, another insider added.

Content monolith Disney acquired Fox in March. Last week, the studio clarified its release calendar, folding in numerous high profile projects from Fox, including setting dates for the debuts of James Cameron’s Avatar sequels, as well as smaller projects such as the Amy Adams thriller The Woman in the Window.

The last significant round of layoffs occurred on March 21, when dozens of 21st Century Fox executives were given pink slips in the first wave of what is expected to be as many as 4,000 layoffs. Those cuts will take place across the units Disney acquired in the content space, as well as at the newly formed Fox Corp., the television company forged out of the Murdoch family’s remaining entertainment and broadcasting assets. …

Variety 5/15

About Jeffrey Burman 4464 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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