More cuts coming at Disney Interactive
When Disney Interactive Studios laid off hundreds of workers last month, insiders warned that the cost cutting wasn't over. Now the executives overseeing that division have confirmed that.
Cco-president John Pleasants and James Pitaro, speaking at an investors conference this week, said they plan to reduce operating costs by another 25 percent before they're through cutting. They did not detail how they plan to do that, but most workers feel like the axe is still hovering over their heads.
The Disney Interactive Media Group has been a weak link on Disney's armor for a while, pulling down the company's earnings. Pleasants and Pitaro are vowing to make the division profitable by 2013.
"When John and I came together, we knew it was important to set clear and bold business goals backed by a common mission that unified our businesses," said Pitaro.
Chris Morris reports on the the intersection of Hollywood and technology, as well as the latest must-have consumer technology gadgets.
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