Disney Expected to Fire Thousands with Fox Deal Now Complete
And so it begins. TheDisney/ Fox deal finally kicked in earlier this week, which represents one of the most seismic shifts in the entertainment industry ever. The $71.3 billion deal sees Disney Taking over the majority of the media assets formerly held by 21st Century Fox, which will be folded under the company’s already sizable and formidable stable of assets. While there are potentially exciting elements of this merger, from a consumer standpoint, there are plenty of ugly elements to go along with it, starting with massive layoffs, which have already begun....