Disney layoffs confirmed today

DisneylandDisney today confirmed it is laying off about 150 staff members at its movie studio. The cuts affect the studio’s marketing, home video and theatrical distribution divisions. Disney’s movie operation employs roughly 7,000 people.

The move comes just a week after Disney’s recently-acquired Lucasfilm subsidiary announced that its video game unit, LucasArts, would stop developing games. The cuts also come despite a high stock performance by Disney.

KCRW’s Steve Chiotakis discussed this latest move by Disney with Ben Fritz, staff writer for the Wall Street Journal.