The Walt Disney Company has launched another major round of layoffs, cutting several hundred jobs across its film, television, and corporate finance divisions. Employees in marketing, publicity, casting, and development were notified this week, as Disney continues to restructure amid rapid changes in the entertainment industry.
This marks the fourth significant wave of layoffs at Disney in less than a year, following earlier reductions in March and a broader cost-cutting initiative that began in 2023. CEO Bob Iger’s strategy to streamline operations has already led to the elimination of about,000 positions, as the company aims to save billions and adapt to the ongoing shift from cable TV to streaming services like Disney+.
Despite these staff cuts, Disney reported strong financial results last month, including higher-than-expected earnings and a surge in Disney+ subscribers. The company’s stock saw a 21% jump following the earnings release but dipped slightly after news of the latest layoffs, trading at $112.43 on Monday.
Disney’s leadership says the job reductions are necessary to ensure the company remains competitive and efficient as consumer habits evolve. No entire teams are being disbanded, but the layoffs have impacted workers globally, with the majority of affected employees based in the U.S.
