Fox Layoffs is starting to follow the Disney Deal – Variety

Layoffs has hit Fox after the entertainment company sales to Disney.

Staff cuts affect employees in SVP, EVP and presidential level. Senior employees are expected to be among the first to be affected. However, the cuts will be deep, with the ax falling most hardly by Fox's film team. There may be as many as 4,000 jobs cut in the merger, according to some reports. On the studio side, the first wave of job loss is relatively small and targeted.

Disney completed the $ 71.3 billion acquisition of Fox on Tuesday. It is to buy 20th Century Fox, FX, NatGeo and much of Hulu in a deal that is expected to transform the entertainment landscape.

Walt Disney Studios Chairman Alan Horn and President Alan Bergman were at Fox's Century City party for meetings with leaders this week. In a note, Bergman and Horn said they would try to be as open as possible about the changes that will take place at the entertainment company, saying they will soon make announcements about the film division's leading leadership structure.

"Day- Currently, our top priorities are the same: To support the great content we create and deliver a wonderful experience to our consumers, and to continue building an inspiring, inclusive environment where employees can get their best to work every day, "The two men wrote. Bergman and Horn also warned employees to "expect a lot of change across our organizations.

Some of Fox's film management will remain in place. and Fox Searchlight co-authors Steve Gilula and Nancy Utley are among those who make the move to the Mouse House. Fox movie boss Stacey Snider and domestic distribution head Chris Aronson are among those who will not make the transition. Thursday morning at 9 am The departure packages are said to be generous with the fact that some older employees get as much as 9 months with full pay.