• May 21, 2013

ESPN is cutting its workforce, the latest Disney division to reduce staff, reports AP. The company did not specify how many jobs are being cut, but they include unfilled positions. ESPN has about 7,000 employees worldwide, with about 4,000 at its headquarters in Bristol, Conn. In April, Disney laid off about 150 people at LucasArts, the video-game making division of Lucasfilm, four months after acquiring the company behind "Star Wars" for $4.06 billion. Disney also laid off about the same number at the movie studio in April. Fees from distributors for ESPN grew faster than expected in the latest quarter, while ad growth came in below expectations because of smaller audience numbers.