Movies

Disney to cut hundreds of employees in latest round of layoffs

BBG News

On Monday, The Walt Disney Company announced a significant wave of job cuts, informing hundreds of employees based both domestically and internationally that their positions would be terminated due to the challenging economic conditions facing conventional television broadcasting.

Representatives near the Burbank-based entertainment conglomerate verified the job reductions, affecting various departments such as movie and TV marketing, TV publicity, casting and production, and even the corporate finance sector.

The decision has been made merely three months following a round of layoffs affecting 200 employees, including those at ABC News in New York and Disney-owned entertainment networks. Earlier, the division reported a 6% reduction in staff due to decreasing TV viewership and declining revenue for conventional television.

Hollywood Inc.

Disney’s news and entertainment sectors, which they own, are reducing their staff by 6%. Their data journalism division, known as 538, has been closed down.

ABC News shed about 40 employees last October. The company’s TV stations also lost staff members.

Audience numbers on ABC Television Network and Disney’s owned entertainment channels have significantly dropped due to viewers moving towards online streaming platforms such as Netflix, Paramount+, and Disney+.

Entertainment & Arts

Disney’s ABC Television Group to cut 5% of workforce

Hollywood trade site Deadline first reported the news.

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2025-06-02 21:01

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