Disney to cut jobs in its games and Internet unit
Credit: Reuters/Mario Anzuoni
The entrance gate to The Walt Disney Co is pictured in Burbank, California February 5, 2014.
Disney, which announced the job cuts in a statement, declined to comment on the number of jobs affected.
The 700 jobs cited represents about one quarter of the division's total workforce.
'Disney Interactive has consolidated several lines of business as part of an effort to focus the division on a streamlined suite of high quality digital products,' the company said in its statement.
Disney has built an enviable record in producing hit movies but has had a succession of lackluster interactive game products.
The news was first reported by The New York Times on Thursday.
(Reporting by Ronald Grover; Editing by Leslie Adler)
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