Why Is Marvel Laying Off So Many People?

Glenn Hauman

Glenn is VP of Production at ComicMix. He has written Star Trek and X-Men stories and worked for DC Comics, Simon & Schuster, Random House, arrogant/MGMS and Apple Comics. He's also what happens when a Young Turk of publishing gets old.

You may also like...

2 Responses

  1. Rich says:

    This news is less surprising than the articles I have read make up to be. It is very typical for corporations to institute cost cutting including lay-offs after they are bought out by another corporation. Perlmutter touted Marvel as a highly profitable enterprise, which inspired Disney to pay top dollar for it. To justify either the interest they are losing by taking those funds out or their cash, or the interest they are paying on money they borrowed for the purchase, they now have to increase the profit to cover their interest costs.

    I'm sure everything written about Perlmutter is true, but what is left unsaid is Disney is likely putting a lot of pressure on him to make Marvel even more profitable. What he is doing is the only way he knows to achieve that end.

    Whenever there is a buyout it is never good news for employees or cinsumers.


    • Glenn Hauman says:

      Most of Disney\’s cost cutting has been in back office areas like HR and licensing. It\’s rare to see an IP firm cut the IP creation costs, that\’s where they make the products that make their money. Compare how Disney treats Pixar, for example, and how Pixar allocates their resources.