Tue, 03 Jun 2025

Tue, 03 Jun 2025 Disney makes hundreds more layoffs as it cuts costs

The media giant has been under pressure as viewers move away from cable TV to streaming platforms.

* Disney has announced it will be laying off several hundred more people worldwide.
* The job cuts will impact various teams, including: + Marketing departments for film and television units + Casting and development department + Corporate finance department
* No teams will be closed down entirely.
* This is in addition to the 7,000 layoffs announced in 2023 as part of a cost-cutting drive to save $5.5bn (£4.1bn).
* The company employs 233,000 workers globally, with around 60,000 based outside the US.
* Disney's revenue for the first three months of this year was $23.6bn, a 7% increase from the same period in 2023.
* This growth is attributed to new subscribers to its Disney+ streaming service.
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