The sword of Damocles hovering above the Disney work force that N.Y. Times reporter Laura Holson wrote about a while back will strike within two or three weeks, and the percentage of people laid off could be moderate or quite high, depending on who you talk to and how worried they are. A Disney guy told me last night the Mouse House cuts could affect anywhere from 10% to 20% of Disney employees. The slump in DVD sales (i.e., a downturn in growth), the rising cost of making movies (FX houses and big-star salaries) and a rethinking of the types of movies that Disney wants to get involved in are said to be the main reasons for the cuts.
