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Disney Continues Layoffs Amid Industry Challenges

Disney is laying off hundreds of employees across its film and TV divisions as part of ongoing cost-cutting measures amid industry transformation.


Overview

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Disney has confirmed layoffs affecting hundreds of employees across its film and television divisions, primarily in marketing, publicity, casting, and corporate finance. This move is part of a broader strategy to operate more efficiently amid ongoing industry challenges, including a shift towards streaming services. The company has faced financial pressures since CEO Bob Iger's return in 2022, leading to multiple rounds of job cuts. The latest layoffs follow previous reductions impacting ABC News and Disney Entertainment Networks, as Disney adapts to changing consumer preferences and market dynamics.

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Articles (5)

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LeftCenterRight
Deadline
Deadline
USA TODAY
Fortune
Fox Business
Disney Layoffs Hit TV Development & Casting Executive Ranks
DeadlineDeadline·14d·
Center
This outlet is balanced or reflects centrist views.

"…Several hundred employees are being laid off globally, with Disney Entertainment’s film and television marketing as well as television publicity, casting and development, among the main targets."

Another round of Disney layoffs hits hundreds of employees
USA TODAYUSA TODAY·14d·
Center
This outlet is balanced or reflects centrist views.

"…The consumer switch to favoring streaming services like Disney+ over traditional television and movie distributors has resulted in financial stressors for corporations like Disney and its competitors."

Disney lays off hundreds in film, TV as industry woes linger
FortuneFortune·14d·
Center
This outlet is balanced or reflects centrist views.

"…Disney's decision to lay off hundreds of employees in the film and TV sectors reflects ongoing challenges in the industry."

Disney cuts hundreds of TV and film jobs amid streaming expansion
Fox BusinessFox Business·14d·
Leans Right
This outlet slightly leans right.

"…The layoffs announced on Monday are part of its ongoing work to find opportunities to operate more efficiently."

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