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Disney’s acquisition of 21st Century fox leads to employee layoffs: Report

Disney has laid off nearly 60 employees within its media distribution division

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MUMBAI: Disney’s acquisition of 21st Century Fox has again led to more employee layoffs. Disney has laid off nearly 60 employees within its media distribution division, according to a Variety report.

Fox TV Distribution worldwide marketing executive vice president Greg Drebin and 20th Century Fox Home Entertainment worldwide marketing and strategy senior vice president Jennifer Chai are being counted among the affected ones. Drebin was promoted from SVP to EVP of Worldwide Marketing last year.

A few days after Disney’s $71.3 billion acquisition of Fox’s entertainment and studio assets was completed, 20th Century Fox TV distribution president Mark Kaner was let go. After the closure of the deal, the distribution department was hit by the first round of layoffs.

Earlier in August, another round of layoffs was executed where a large number of employees have been let go from both sides. Visual effects head  John Kilkenny, feature production executive VP Fred Baron, physical production executive VP Dana Belcastro and post-production executive VP Fred Chandler are among the executives who have received pink slips on the Fox side.

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