Walt Disney Studios plans to cut as much as 5% of its worldwide workforce as early as next week, according to people with knowledge of the situation who requested anonymity because they had not been authorized to discuss the matter.
The movie studio would eliminate up to 250 jobs from its staff of about 5,000 people globally, the sources said. Several Disney insiders say the bulk of the cuts will be in Burbank. The sources said reductions would hit some divisions -- particularly distribution -- harder than others.
Falling DVD sales have prompted several studios to cut staffing. Sony Pictures laid off 450 people a year ago, citing changing consumption patterns.
Paramount Pictures also is expected to cut costs in its home-entertainment division.
LAMediaWatch.com
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