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Third round of post-merger layoffs hit Disney-Fox

Annlee Ellingson
Third round of post-merger layoffs hit Disney-Fox

The Walt Disney Co. and 20th Century Fox have been hit by a third round of layoffs since Disney (NYSE: DIS) acquired the entertainment assets of 21st Century Fox in March. The move marks the third round of layoffs since Disney’s $71 billion acquisition of Fox’s entertainment assets earlier this year. Disney started issuing pink slips to Fox employees the day after the merger was completed, including high-level executives such as Chris Aronson, president of domestic distribution at 20th Century Fox Film, and Andrew Cripps, president of international distribution.