LOS ANGELES: The Walt Disney Co is laying off employees and hiring an executive as it revamps its videogame division to focus on mobile and social games and away from expensive-to-produce console games.
The company didn’t say how many people it laid off in the division, which posted its eighth-consecutive quarterly loss in the three months to Oct 2, losing US$104mil (RM333mil) on revenue of US$188mil (RM602mil).
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