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Disney's Maker could lay off 10% of staff: Report

The Magic Kingdom park at Walt Disney World Resort.
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The Magic Kingdom park at Walt Disney World Resort.

Disney's Maker Studios, the network recently purchased by the entertainment giant, plans to lay off about 10 percent of its workforce, Variety reported Tuesday, citing sources familiar with the matter.

The employees slated for termination will receive pink slips as early as this week, the publication said. The move could be related to saving costs or eliminating redundancies, it said. The cuts are spread out and not concentrated in one specific area, Variety reported, adding that top management was spared.

In a statement issued to the publication, a representative for Maker said its business was "constantly evolving, and we routinely reassess our internal resources and make strategic adjustments, reducing staff in some areas while actively hiring in others."

Last month's $500 million deal for Maker, one of YouTube's largest networks, makes Disney a major online video distributor.

Click here to read Variety's full story.

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