21st Century Fox promises “generous severance” for employees cut due to Disney Acquisition

In a bid to calm employees worried about their jobs as Walt Disney prepares to absorb most of 21st Century Fox, a top human resources executive from the Rupert Murdoch-controlled company issued a memo Monday promising “generous severance” to soon-to-be laid-off workers.

“Shared services employees who will not join Fox will automatically become Disney employees, and Disney, post-close, will make all employment decisions,” chief human resources officer Thomas Gaissmaier wrote in his memo.

“While all of you will know prior to closing whether you will join Fox or Disney, some of those decisions might be right up to the date of closing,” Gaissmaier wrote.