wordpress blog stats
Connect with us

Hi, what are you looking for?

Layoffs to hit Disney India’s gaming division? We’re restructuring says the company

disneyDisney India is set to lay off 40 people from its gaming division based in Mumbai this month, reports MCVIndia. Most of these layoffs are from the game publishing team, with several people from the technical team also affected by the move.

The report however states that close to 100 employees have been laid off in the past few months by the company. We had heard that most of the affected employees were given the option of shifting to other teams within Disney, till they found a new job.

We contacted Disney India and the company informed us that it is restructuring its digital business as of now. Here’s the full statement by the company: “We are undertaking a restructuring in the Digital business, aligned with our global long-term digital strategy that is focused on sustainable profitability and innovation. The intent is to concentrate all our efforts in a few core focus areas of the business, in which we will continue to develop high-quality interactive digital products which include games, apps and other engaging offerings.”

The company has not yet commented on specific questions such as the exact number of people affected by this policy in 2014 or how many people are left in the games division or what this means for the company’s games division in India.

Bad time to work in gaming industry?

Just last month Japanese game publisher Square Enix had shut down its Indian operations, but the company later clarified that it will not completely exit the country.  Gameloft had also shut down its Hyderabad studios. Later on EA had also scaled down its operations here. A few companies have setup funds and incubators for game developers and that seems to be the only help game developers in India will get as of now in India.

You May Also Like

News

The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...

News

Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

Uncategorized

Minister of Road Transport and Highways Nitin Gadkari said on December 17 that GPS-based tolling will replace toll plazas in two years, The Hindu...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ