Tag: Disney Interactive

In the corporate world, even long-awaited good news doesn't mean there isn't bad news for some people in the organization.That was the case for Disney Interactive, which despite turning a profit in the last quarter of 2013 on the strength of Disney Infinity nevertheless laid off 700 employees this week, or just over a quarter of its total workforce. Along with the job cuts, the division is closing several offices in the U.S., plus one each in South Korea and India.As you might expect with such a drastic reduction in headcount, Disney Interactive will simply develop less games moving forward, relying on partnerships with outside studios instead. It also may avoid big ticket purchases, as many media reports are spinning the company's latest move as a referendum on its 2010 acquisition of Playdom.