[Reuters] – LOS ANGELES/SAN FRANCISCO, March 6 (Reuters) – Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market. As part of the revamp, Disney will lay off 700 employees, roughly one-quarter of the interactive division, according to a person with knowledge of the layoffs. A … [visit site to read more]
Similar Articles:- Stock Update (NYSE:TWX): News reader company Flipboard buys rival Zite from CNN
- Company Update: Comcast Corporation (NASDAQ:CMCSA) – Comcast adds video customers; NBC Universal unit improves
- The Walt Disney Company (NYSE:DIS) ~ Yahoo Finance 2013 company of the year: Walt Disney