Disney has laid off 700 employees from its gaming division today, as the New York Times reports. That's 26 per cent of its staff, and it's all in mobile, social and web-based gaming.
"These are large-scale changes as we focus not just on getting to profitability but sustained profitability and scalability," Disney Interactive president James A. Pitaro told the Times.
This follows a Wall Street Journal report that the company would cut hundreds of jobs last month. Last year, Disney closed down Epic Mickey developer Junction Point Studios and the iconic studio LucasArts.