Disney has laid off more than 1000 jobs as part of cuts and one department heavily affected is Marvel Studios Visual Development Team. Disney’s new CEO Josh D’Amaro has decided to make these cuts now at the beginning of his tenure in the hot seat.
As per TheWrap,
‘Disney layoffs impacting 1,000 employees got underway Tuesday, affecting several entire divisions of publicity, Marvel and some noted lieutenants of Asad Ayaz, the company’s chief marketing and brand officer.
Among those let go are 20 people from the company’s publicity departments, as well as the entire home entertainment team, led by executive director of global publicity and marketing communications Chris Bess. Also gone is the EPK team, including director of creative content Natalie Clunis.
On the digital marketing side, positions at every level were eliminated including SVP of Global Digital Marketing Dustin Sandoval and Director of Digital Marketing Mike Reeder.’
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Specific to Marvel studios the outlet says,
‘Marvel also felt the impact of the layoffs, although Disney disputed a report that the number of impacted reached 8%, telling TheWrap it’s “much smaller.”
The layoffs did impact Marvel employees in both Burbank and New York, across most areas of the division – film and television production, along with comics, franchise, finance and legal.
TheWrap was told this was the result of an overall reduction in Marvel’s film and television production slate, artificially inflated in years past by the desire for fresh product for Disney+, plus efficiencies from the integration of Marvel Entertainment into Marvel Studios and the aforementioned emphasis on operational efficiency and cost management.’
I guess it may take some time to see how this all plays out for good or ill. I ahve heard that many of the visual artists will be brought back and given work when projects are active, just not on the full time payroll. It feels like typical corpo thinking without anyone realising these guys probably do a lot of useful work in between projects and aren’t jus sitting round waiting for the next one.
As always the CEO is Disney is there to keep the shareholders happy. What shareholders usually don’t understand is that when spending goes down, so too can quality. That also means less profits, eventually. However, I am no business expert, so I won’t tell them how to run their studios.
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