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Disney Magazine Ceases. Disney Employees Anxious
The Walt Disney Co. has announced plans cease publishing Disney Magazine.
Mickey News reports that the last issue of the magazine will hit
newsstands this summer. The Orlando Sentinelreports that
Disney employees have become anxious after layoffs and outsourcing
rumors.
The Disney parks are doing well, but the company laid off employees,
shut down its longtime Disney Magazine and said it may outsource hundreds of tech jobs -- all in the last two weeks.
Orlando Sentinel reporter Susan Strother Clarke spoke to Disney employees who seem both concerned and puzzled:
The Disney employees I speak with have felt it. How can a company post great
earnings -- a gain of 5 percent in the most recent quarter -- but find no room
for 25 professional and mid-management workers who were recently laid off?
