Disney Announces Hundreds More Layoffs Amid Cost-Cutting Strategy
Mickey Mouse and Minnie Mouse at Walt Disney World (Getty Images)
Disney has confirmed another round of layoffs affecting hundreds of employees worldwide, with significant impacts across its film, television, and finance divisions. This move comes as the entertainment giant continues to adapt to shifting viewer preferences and industry disruptions.
The Changing Media Landscape
The company faces mounting pressure as consumers increasingly abandon traditional cable TV subscriptions in favor of streaming platforms. A Disney spokesperson stated:
“As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fueling the state-of-the-art creativity and innovation that consumers value and expect from Disney.”
Ongoing Restructuring Efforts
These latest job cuts follow major layoffs in 2023, when approximately 7,000 employees were let go as part of CEO Bob Iger’s $5.5 billion cost-saving initiative. The current reductions will affect:
- Marketing teams for film and television units
- Casting and development departments
- Corporate finance divisions
“We have been surgical in our approach to minimize the number of impacted employees,” the spokesperson added, noting that no entire teams would be eliminated.
Financial Performance and Content Strategy
Despite the workforce reductions, Disney reported strong Q1 2025 earnings with:
- $23.6 billion in revenue (7% year-over-year growth)
- Significant subscriber growth for Disney+
- Box office success with “Lilo & Stitch” ($610M global sales)
The company continues to release new content, including “Captain America: Brave New World” and the live-action “Snow White” remake, though some releases have underperformed expectations.
Global Workforce Impact
With 233,000 employees worldwide (including 60,000 outside the U.S.), these layoffs represent another step in Disney’s ongoing restructuring as it navigates the evolving entertainment landscape. The company maintains its vast portfolio of subsidiaries including Marvel, Hulu, and ESPN.
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