Disney Announces More Layoffs as Part of Global Cost-Cutting Drive

Disney will lay off several hundred more workers around the world as it seeks to cut costs. The most recent cuts were to staff members in film, television, marketing and finance departments, as well as to employees across several areas of entertainment programming, including digital operations and digital video, social media and social media shows, according to people with knowledge of the matter, who spoke on condition of anonymity to discuss the cuts.

Ongoing Overhaul in the Departments
The layoffs affect a range of departments, from marketing for Disney's film and television units, to casting, development and corporate finance. In a statement, a Disney spokesperson said the company was being "surgical" about its approach, to reduce the reach of the layoffs, and it confirmed that no divisions are expected to be completely shut down.

The move is the second major round of job cuts at Disney after the company slashed about 7,000 jobs through September 2023 as part of a cost-saving initiative by the company's chief executive, Bob Iger, to save $5.5 billion. The latest round of layoffs is part of a larger plan to restructure for an entertainment landscape shifting quickly.

Streaming Success and Box OfficeModels of Theaters Become Defensive Endangerment of the Movie Industry
Disney, home to popular entertainment franchises like Marvel, Hulu and ESPN, has been reorganizing its businesses as audiences shift from watching cable television live to streaming on-demand. The company said it finds continued "efficiency" at the same time that it upholds its tradition of creative and innovative offerings.

Disney has still recently reported robust financial results, despite the layoffs. In May, the company reported $23.6 billion in revenue for the first quarter of 2024, a 7% increase from the same period in 2024, partly because the new Disney+ streaming service added subscribers.

Disney also released a covey of films in 2025, including Captain America: Brave New World, as well as a live-action remake of Snow White (the latter was a box office disappointment). But its most recent film – Lilo & Stitch – shattered records during the Memorial Day weekend and now sits at over $610 million in global ticket sales, per Box Office Mojo.