The Walt Disney Company is reportedly laying off “several hundred” employees globally, with the majority of them from Disney Entertainment and corporate financial operations.
More Layoffs at Disney
According to a new report from Deadline, sources indicate that no teams are being eliminated, but the size of cuts in the film and TV sectors of Disney Entertainment is comparable. Affected areas include marketing for both film and television, television publicity, casting, and development, as well as corporate financial operations for Disney. The majority of staffers for Disney Entertainment Television are said to be based in Los Angeles.
According to Variety, “Disney is positioning the cuts as enhancing its ability to operate more efficiently.”
This is the fourth round of layoffs, and the largest, in the last 10 months across Disney’s TV operations, and part of an ongoing cost reduction goal of $7.5 billion set by CEO Bob Iger at the start of 2023. Earlier this year, under 200 employees of ABC News Group and Disney’s entertainment networks were laid off. Before that, approximately 75 employees were laid off from ABC News in October 2024, following a layoff of 300 corporate employees in September 2024, and a round of layoffs at Disney Entertainment Television in summer 2024. Pixar Animation Studios also cut 14% of its workforce in May 2024 as part of Disney’s cost-cutting measures.
News of this latest round of layoffs comes just under a month after Disney reported its Q2FY2025 earnings, where they raked in $23.6 billion in revenue, up 7% from Q2FY2024.
Source: Deadline, Variety
For the latest Disney Parks news and info, follow WDW News Today on Twitter, Facebook, and Instagram.
Related posts:
发表回复