Disney video game arm slashes workforce
Published on Mar 7, 2014 4:59 AM
SAN FRANCISCO (AFP) - Walt Disney Company on Thursday confirmed that it is cutting about a quarter of the workers at its money-losing video game division.
Disney Interactive will trim 700 employees in what the US entertainment titan described as a "global action" aimed at consolidating several lines of business in an effort to focus on a streamlined suite of digital products.
"As a result of this restructuring, we have undergone a reduction in workforce," Disney Interactive said in an email reply to an AFP inquiry.
"These actions were difficult but necessary given our long-term strategy focused on sustainable profitability and innovation." Video game studios behind titles for play on consoles are facing increasingly pressure from the popularity of play on smartphones, tablets and personal computers.
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