Disney has announced another round of layoffs, impacting several hundred employees globally. This decision affects workers in various departments, including film, television, and finance. The company is responding to ongoing challenges as more viewers shift away from traditional cable TV to streaming services.
A Disney spokesperson explained that the company is continually looking for ways to manage its business efficiently while still promoting creativity and innovation. This latest round of job cuts follows significant layoffs earlier this year, when around 7,000 employees were let go as part of a strategy to save $5.5 billion.
The layoffs will touch multiple teams, particularly in marketing for Disney’s film and television divisions. Employees in casting, development, and corporate finance will also be affected. The company stated that it aimed to minimize the number of impacted workers and that no entire teams would be shut down.
Disney, based in California, currently employs about 233,000 people, with over 60,000 working outside the United States. The company owns several well-known brands, including Marvel, Hulu, and ESPN.
Despite these layoffs, Disney reported better-than-expected earnings in May, with revenue reaching $23.6 billion for the first three months of the year, a 7% increase from the same period in 2024. This growth was largely driven by new subscribers to its Disney+ streaming service.
This year, Disney has released several films, including "Captain America: Brave New World" and a live-action version of "Snow White." However, the latter did not perform as well as anticipated at the box office, receiving negative reviews. In contrast, Disney’s recent animated film "Lilo & Stitch" broke box office records during the Memorial Day weekend, earning over $610 million globally since its release in May.
As Disney continues to adapt to the changing media landscape, these layoffs reflect the company’s efforts to streamline operations while trying to maintain its reputation for quality entertainment.