Up to 300 Blockbuster employees may be losing their jobs. According to public reports, the potential layoffs are a result of cost-cutting efforts.

Up to 300 Blockbuster employees may be losing their jobs.

According to public reports, the potential layoffs are a result of cost-cutting efforts. In an earnings call earlier this month, the company reported that it expected to cut out $30 million in spending this year while simultaneously investing $70 million to boost Blockbuster Online.

It is believed that the affected positions will be in the company's Dallas headquarters and at offices in McKinney, Texas. The layoffs are expected to take place by the end of April.

A Blockbuster spokesperson could not be reached.