Disney's Maker Studios to Shed 10% of Workforce

Maker Studios will lose about 10% of its workforce to layoffs just months after the company was acquired by Walt Disney Co., according to a report.

Disney bought Maker in late March in a deal that could eventually be worth as much as $950 million. Few details emerged about the job cuts, which could hit as early as this week, according to Variety.

Maker currently has around 380 employees. It has more than 55,000 channels that log 5.5 billion monthly views

Layoffs are not uncommon following an acquisition as companies seek to minimize redundant workers. A source familiar with the situation said that any possible reductions are unrelated to the acquisition. Read more...