Monday, June 6, 2011
We regret to inform you...
We are quickly reminded that the magic stays within the kingdom with news of another anticipated Walt Disney Company round of layoffs by as much as 5% of its global workforce. The Burbank work force will likely be impacted the most. This is in part due to restructuring efforts to address a changing business landscape of decreasing DVD revenues. However, the Walt Disney Company isn't alone in this challenge as harsh economic realities and increasing pressures across the entire industry have similarly led to layoffs at many other big Hollywood studios.
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