The company had not cut down on the staff when UTV merged with Disney India, resulting in a lot of overlap. As part of the current restructuring, a few verticals including consumer products retail partnerships and games will be combined
BestMediaInfo Bureau | Mumbai | January 11, 2017
As part of recalibration and revaluation of their operations in the Indian market, Disney India has cut down on 90 people from its workforce. A source close to the development confirmed the news to Best Media Info.
While on the one hand, Disney Indiaâs Dangal has been one of the highest grossing movies till date, on the other, the company is in the process of restructuring its India operations. Before this lay-off, the company employed about 600 people in India. With the restructuring, a few verticals including consumer products retail partnerships and games will be combined to make it more holistic.
Andy Bird, Chairman of Walt Disney International, was quoted in Variety.com as saying that the staff reduction in India was part of the ordinary course of business. âThere is always rebalancing and recalibration to reflect local market realities,â he said. âWe constantly look at the evolution of our company in every market we do business in.â
According to a senior source in Disney India, the company had not cut down on the staff when UTV merged with Disney India, resulting in a lot of overlap. It is now that the company wants to remove a large chunk of people who were sharing similar roles within the organisation.
In 2015, the company had shut down its gaming unit which had resulted in a layoff of 30 people.