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Marvel Undergoes Layoffs Amid Companywide Disney Cuts
Marvel has been impacted by today’s Disney layoffs. Affected by the staff reductions are both the offices of Marvel Entertainment in New York and Marvel Studios in Burbank, sources said. About 8% of the workforce has been let go, I hear.
There are layoffs in most departments, including film and TV production, comics, franchise, finance, legal, as well as visual development.
The cuts in the visual development area are said to be significant, with Marvel Studios retaining a small team to oversee the hiring of artists on a project-by-project basis who will be outside contractors going forward.
Josh D’Amaro, CEO of Marvel parent Disney this morning confirmed that up to 1,000 employees across the company will be laid off, with its streamlined marketing and brand organization taking the brunt of the cuts.
Disney’s 1,000-Person Layoffs Claim Entire PR Teams, Specialty Divisions | Exclusive
Layoffs also hit Marvel, whose reduction in workforce is a result of the brand’s reduced slate
Disney layoffs impacting 1,000 employees got underway Tuesday, affecting several entire divisions of publicity, Marvel and some noted lieutenants of Asad Ayaz, the company’s chief marketing and brand officer.
Among those let go are 20 people from the company’s publicity departments, as well as the entire home entertainment team, led by executive director of global publicity and marketing communications Chris Bess. Also gone is the EPK team, including director of creative content Natalie Clunis.
On the digital marketing side, positions at every level were eliminated including SVP of Global Digital Marketing Dustin Sandoval and Director of Digital Marketing Mike Reeder.
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