Disney Interactive Media Group lays off 10 employees
Walt Disney Co.'s struggling games group laid off 10 full and part-time employees.
The job cuts Tuesday came in Disney Interactive Media Group's games publishing team, which handles distribution, marketing and franchise management, according to a person familiar with the situation who was unauthorized to speak publicly about the matter.
“Disney Interactive continually evaluates its resources to align with the division’s goals and business opportunities," the company said in a statement. "As part of that effort, Disney Interactive made targeted layoffs today.”
The job reductions were considerably more modest than those that occurred in January 2011, when the money-losing digital media group laid off about 200 people as part of a sweeping reorganization of the games and online groups.
At the time, Disney also closed a game development studio as the company shifted its focus away from expensive console games to concentrate on online and mobile entertainment.
Disney Interactive reported an operating loss of $28 million in its first quarter ended Dec. 31 as the group released fewer console titles but saw higher income from social games. During a February call with investors, Disney Chief Executive Bob Iger singled out the success of mobile game Where's My Water?, which he said "reached the top of the charts in 71 different countries."
-- Dawn C. Chmielewski