We’ve mentioned a few of the ways the Disney takeover of Fox is bad for consumers and the Writers Guild of America West has voiced their concerns for creators. There’s another reality, this merger will cost people their jobs, a lot of jobs.

Rich Greenfield, an analyst with BTIG has issue a report titled, “Disney’s $2 Billion in Synergies is Good for Jobs #FakeNews,” that estimates that 5,000 to 10,000 jobs could be at stake if the merger is approved and goes through.

In the announcement Disney said they’d expect $2 billion in savings through synergy. That’s corporate speak for cost-savings through cutting jobs. According to annual reports, Disney’s global workforce is 195,000 and Fox is about 22,000.

In a memo to employees Fox owner Rubert Murdoch outright admits there will be layoffs.

We are deeply committed to finding opportunities for our people as well as ensuring that anyone impacted is well taken care of.

So, when you’re cheering on the X-Men’s introduction into the Marvel Cinematic Universe and the new Fantastic Four film under the Marvel Studios banner, remember the thousands fired to make that happen so you can be entertained.