Disney’s $71.3 billion acquisition of News Corp.’s 21st Century Fox film assets will make it the most powerful movie studio ever, but it’s also causing a lot of people to lose their jobs.
Per The Hollywood Reporter, “analysts say that by the time the dust settles, 4,000 of the jobs the conglomerate provides could be lost. Disney-skeptic analyst Rich Greenfield of BTIG even put the number at 5,000 to 10,000 over a longer time frame.”
Source: IGN.com Disney-Fox Merger Results in Massive Layoffs