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Disney to hire most of Character.AI staff after bankruptcy

1 reports1 report sources3 hours agoUpdate

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Character.AI filed for bankruptcy this week, and Disney has agreed to make job offers to at least 60 of its employees, the majority of its workforce, at an estimated $60 million in annual compensation, according to a legal filing reported by Bloomberg. The filing says the vast majority of employees who received offers accepted them. The arrangement is a stalking horse bid, so another company could still come forward with a higher offer.

AI-generated from reports · 34 minutes agoUpdate

Latest updatesOct 19 00:30
Disney agrees to hire most of Character.AI's workforce after bankruptcy filing

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Oct 19
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    Disney agrees to hire most of Character.AI's workforce after bankruptcy filing

    Character.AI filed for bankruptcy this week, and Disney has agreed to make job offers to at least 60 of its employees.

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