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Disney has begun laying off 20th Century Fox employees know that it’s completed its acquisition of 21st Century Fox and the company’s various film and television assets.
According to The Hollywood Reporter, Disney has started informing Fox’s staffers from different departments about their status. While some were given their pink slips, others were being kept on for a transitional period between three to six months. The Mickey Mouse House has just chopped off some of those in top leadership roles at Fox in including Pamela Levine, the President of Worldwide marketing, Kevin Campbell, the Co-President of marketing, and Tony Sella, Chief Of The Content Officer.
Right now it isn’t exactly clear how many people are going to lose their jobs in the face of the acquisition, however, some analysts estimate a rough number of 4,000 individuals from the conglomerate’s 200, 000 employees could become jobless. This might seem like a much more positive number compared to the earlier 7,500 job loss, but BTIG’s Rich Greenfield expects so much, placing the numbers between 5,000 to 10,000 across a longer time frame.
This is definitely disappointing news. While redundancies in major company mergers are unavoidable, the layoffs certainly dampen the spirit of those anticipating the acquisition. Marvel fans have been eagerly waiting for the completion of the deal knowing that it would mean the arrival of the X-Men and Fantastic Four in the Marvel Cinematic Universe. For Star Wars fans, it would mean the increased likelihood in the release of the unaltered cuts of the original trilogy.
What do you think of the layoffs? Feel free to share your thoughts in the comment section below.