After Purchasing Lucas Films for Star Wars, Disney Reportedly Considering Layoffs

Shortly after announcing the purchase of one of the largest film franchises in history, rumors have surfaced that Walt Disney is pondering cutbacks in staffing and expenses in order to turn around the situation at its unprofitable namesake studio division.

Walt Disney increased earnings by 18 percent to $5.7 billion in its 2012 fiscal year ending September 29, 2012 with $42.3 billion in reported revenues. Walt Disney studio’s 12.3 percent profit margin in 2012 was the lowest of the four major operating divisions while the interactive division lost $216 million last year.