MARVEL LAYS OFF 15 STAFFERS

Marvel laid off 15 staffers on Monday, including lower-level production and development employees in Marvel Studios in Burbank as well as employees in the Marvel Entertainment division in New York.

The layoffs were predicated by the overall reduction in Marvel's slate of film and TV titles after the challenges of the 2023 releases led the company to reassess the rapid increase in productions to feed the launch of Disney+. They're also meant to address Disney's decision in March 2023 to absorb the Marvel Entertainment banner, which had operated as an independent unit, into other divisions of the company, which created redundant positions.

The latter decision has already led to the dismissal of Isaac "Ike" Perlmutter from his position as chairman of Marvel Entertainment, as well as two other top executives. Perlmutter was a staunch supporter of Nelson Peltz's recent failed attempt to join the Disney board of directors.

More to come.