DISNEY Said To Be Considering Cost Cuts That Include Layoffs

(From The New York Times -- By Laura M. Holson)

WALT DISNEY STUDIOS is expecting a big summer with the release of the highly anticipated animated film CARS and the next installment in the popular PIRATES OF THE CARIBBEAN series.

But not all is well in movieland -- and changes are afoot.

With a decline in DVD sales and the rising cost of making movies, Hollywood in general has been tightening its belt.

And now Disney, as part of a long-term review, is contemplating layoffs, looking to rein in costs and rethinking the type of movies it wants to make at its live-action DISNEY STUDIOS, according to people apprised of Disney's planning.

It is unclear how many positions will be cut and when.
The studio has already pulled back from layoff plans twice. But now, some of those apprised of Disney's plans suggest layoffs could come in July.

Disney Said To Be Considering Cost Cuts That Include Layoffs

Tom Blais, thanks for the post.