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Report: Disney/Fox deal could result in 4,000 job cuts

Walt Disney Co.'s acquisition of 21st Century Fox Inc. could result in nearly 4,000 job cuts, Variety reported March 21, citing multiple news outlets.

The job cuts have impacted the senior staffers at president, senior vice president and executive vice president levels first across Fox's film, marketing, distribution and consumer divisions, according to the report. Disney's deal to acquire 21st Century Fox took effect March 20 at 12:02 a.m. ET.

People who are being laid off include Twentieth Television President Greg Meidel, domestic distribution head Chris Aronson, Heather Phillips, executive vice president and head of domestic publicity, and Mike Dunn, president of product strategy and consumer business development.

Julie Rieger, the studio's chief data strategist and head of media, and Andrew Cripps, president of international distribution, are also being let go. Other outgoing executives include Danny Kaye, the head of the Fox Innovation Lab, and Dan Berger, executive vice president of corporate communications.

Walt Disney Studios Chairman Alan Horn and President Alan Bergman said in a memo that the company's employees should be prepared to expect "quite a bit of change across our organizations."

Disney is also winding up its Fox 2000 label, according to a separate Variety report. However, the company will complete the Fox 2000 films currently in production, according to the report.