The recession and plummeting ad sales have claimed another 200 victims as the Walt Disney Co announced layoffs.
The media and entertainment conglomerate expects to freeze 200 vacant jobs, resulting in a 5% reduction in ABC-TV’s workforce of about 6,500 to 7,000.
“After months of making hard decisions across our businesses to help us adjust to a weakening economy, we’re now faced with the harsh reality of having to eliminate jobs in some areas,” said Disney spokesperson Anne Sweeney.
Sadly, even Disneyland has not been spared the pain of the recession. Grumpy has been given his walking papers and one of the park’s most famous attractions will been renamed Snow White and the Six Dwarfs.
