The Walt Disney Company has begun major global layoffs, impacting several hundred employees, primarily across Disney Entertainment’s film and TV marketing, publicity, casting, and development teams, as well as corporate finance.
This marks Disney’s fourth and largest layoff round in 10 months, part of CEO Bob Iger’s $7.5 billion cost-cutting drive. Previous cuts affected ABC News, Freeform, FX, and National Geographic. Despite recent strong earnings in streaming, experiences, and sports, job reductions continue as Disney restructures to focus on streaming amid economic pressures.
The latest layoffs coincide with broader industry cuts, including those at NBCUniversal.