BREAKING NEWS
Disney Confirms Massive Layoffs and Shakeup at Atomic Cartoons, Leaving Industry on Edge
[Updated at 12:00 PM ET, March 3rd, 2023]
In a shocking development, Disney has announced significant layoffs and restructuring efforts within Atomic Cartoons, leaving many industry professionals in disbelief. According to sources familiar with the matter, Atomic Cartoons, the company behind beloved animated shows such as "The Dragon Prince" and "M.O.D.O.K.," has let go of roughly 30% of its staff.
The cuts affect multiple departments, including development, production, and executive levels. The reason for the mass layoffs remains unclear, but insiders hint that it’s part of Disney’s efforts to reevaluate and revamp the cartoon giant’s content strategy. Industry insiders speculate that Atomic Cartoons’ financial performance might be a factor.
"It’s like a snowball effect," said one source. "Everyone knows someone who’s getting fired, and it’s got the entire animation community reeling. The industry has been talking about Disney’s aggressive consolidation and layoffs since last year, and it looks like Atomic Cartoons has finally been targeted."
Rumors suggest that this development might also result in a shift towards digital-only content, a possible indicator of Disney’s transition to streaming-centric focus.
In the wake of the announcement, the animation world has erupted in concern for the affected employees, condemning the mass layoffs.
"The industry is full of incredibly talented artists and technicians, and it’s always painful to see their passion and dedication go unnoticed or ignored," said veteran animation expert, [Name], who wishes to remain anonymous.
Atomic Cartoons had reportedly grown rapidly over the years, expanding its catalog with shows like "3 Below" and "Glitch Techs." These losses come as a result of the ongoing rebranding and cost-cutting efforts under Disney’s belt, aiming to reallocate resources to other ventures. The studio has maintained their reputation as a home to critically acclaimed shows and now find themselves at the heart of an industry storm.
What’s next for Disney’s Atomic Cartoons?
In an effort to understand the extent of this shock, Animation Magazine is urging any individuals affected or affected directly by this situation to come forward and share their story.
[We] urge all the incredible folks affected by the changes to take care, explore other opportunities, and cherish their talent.
Keep the conversations going in the comment section below.
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Extremely concearning news at atomic cartoons/disney
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Studios get away with this when they control the majority of the market.
After Lina Kahn goes after the tech monopolies, I want her to go after the studios.