Somewhere between 300 to 400 Fox film and TV employees accepted buyout offers as part of an effort announced in February to save $250 million.<br />In a February 1 announcement of the buyout plan, Fox said it wants to “ensure our organization remains agile and structured to fully capture the many opportunities ahead of us.”<br />The company told Wall Street it always looks for ways to control costs, but CEO James Murdoch also noted a continued currency movement against Fox and disappointing commercial results from the film business.<br />The company made offers to virtually all employees in Fox’s film and TV divisions who had been at the company for at least 15 years.
