![[Global] Disney lays off hundreds more workers as cost-cutting measures continue](http://gpa.net/cdn/shop/articles/bigstock-Calgary-Alberta-Canada-Nov--336422944_05717dc0-e992-41e1-adcd-d36451300719_1200x.jpg?v=1749237180)
Disney has announced that it will make several hundred further layoffs globally, with workers in its film, television and finance departments impacted, BBC News reports.
Disney has been under increasing pressure as viewers abandon cable TV subscriptions in favour of streaming platforms.
A company spokesperson told the BBC, "As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fuelling the state-of-the-art creativity and innovation that consumers value and expect from Disney."
The new round of job cuts reportedly follows a significant round of layoffs announced in 2023, when around 7,000 workers were let go as part of a drive by chief executive Bob Iger to save $5.5bn (£4.1bn).
The job losses will hit multiple teams at the entertainment giant, including marketing departments for its film and television units and workers in Disney's casting and development and corporate finance departments.
"We have been surgical in our approach to minimise the number of impacted employees," a spokesperson said. The company has stated that no teams will be closed down entirely.
Disney employs 233,000 workers, with just over 60,000 based outside the US. It now owns big-name companies across the entertainment industry, including Marvel, Hulu and ESPN.
Source: BBC News
(Link and quotes via original reporting)
Disney has announced that it will make several hundred further layoffs globally, with workers in its film, television and finance departments impacted, BBC News reports.
Disney has been under increasing pressure as viewers abandon cable TV subscriptions in favour of streaming platforms.
A company spokesperson told the BBC, "As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fuelling the state-of-the-art creativity and innovation that consumers value and expect from Disney."
The new round of job cuts reportedly follows a significant round of layoffs announced in 2023, when around 7,000 workers were let go as part of a drive by chief executive Bob Iger to save $5.5bn (£4.1bn).
The job losses will hit multiple teams at the entertainment giant, including marketing departments for its film and television units and workers in Disney's casting and development and corporate finance departments.
"We have been surgical in our approach to minimise the number of impacted employees," a spokesperson said. The company has stated that no teams will be closed down entirely.
Disney employs 233,000 workers, with just over 60,000 based outside the US. It now owns big-name companies across the entertainment industry, including Marvel, Hulu and ESPN.
Source: BBC News
(Link and quotes via original reporting)