Disney's Interactive unit will lay off 700 workers, about 25 percent of its total, in a signal that efforts to turn around the long-struggling division haven't done enough.
Last month, Interactive reported its second consecutive quarter of profitability after a long string of losses, credited to the success of Disney's console game Disney Infinity. However, in tandem with the layoffs, the company will cease in-house console game development beyond supporting Infinity and publishing the as-yet-unreleased game Fantasia: Music Evolved, developed by Harmonix. New Disney games will instead be licensed out and developed by other studios.
Read the entire story at Re/code.
—By Eric Johnson, Re/code.net.
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