After dismal earnings, Disney announced Thursday that it's laying off one quarter of its gaming and Internet division -- that's about 700 people, according to the Associated Press.
The cuts are in the company's Interactive unit and will most likely affect people who work on Disney's social games, according to the AP. The layoffs also come with discontinued games like Sorority Life and Tap Tap Revenge.
The restructuring was "difficult but necessary given our long-term strategy focused on sustainable profitability and innovation," Disney told the AP.
Disney put most of its Internet properties into … Read more