Nerds like us rejoiced at the news that Disney had acquired a good number of Fox properties, mostly due to the X-Men and the Fantastic Four bring included in said properties. Once Feige gets to work on bringing the X-Men and the Fantastic crew into the Marvel Cinematic Universe, the on-screen shared world of Marvel comics will be more complete than ever. While this is great for folks like us, we forget that with mergers of this size, usually come layoffs.
The Hollywood Reporter has a detailed article on the subject. In the piece, THR states that potentially 4,000 Fox employees could lose their jobs. You can check out an excerpt from the article below
“Disney has promised $2 billion in cost savings, so more than 4,000 layoffs are expected (though Disney-skeptic analyst Rich Greenfield puts the number at 5,000 to 10,000 over time). It’s harder to predict potential layoffs within the Fox film studio itself, which has about 3,200 employees, but cuts are expected to be especially deep, particularly in overlapping divisions such as marketing, distribution and home entertainment.”
/Film states that Disney CEO Bob Iger’s previous acquisitions didn’t results in layoff numbers of this size. For most of us, this is a side of the business that we really don’t think about, all we are focused on is a more complete MCU. While I understand that layoffs are part of large mergers such as this one, the thought never crossed my mind until I began to write this article. So here’s hoping that these predictions are either incorrect, or overestimated, and far less people end up out of work.
What are your thoughts on this? Let us know in the comments down below!