Disney Cuts 300 Corporate Jobs Amid Cost-Saving Measures

The layoffs target legal, HR, finance, and communications departments as part of a broader $7.5 billion cost-cutting initiative.

This is the third round of layoffs at Disney since May 2024, with previous cuts affecting Pixar and Disney Entertainment Television.
The current layoffs impact U.S.-based corporate operations, sparing divisions like ESPN, theme parks, and Disney Entertainment.
Disney has been struggling with declining profits due to box office flops, streaming losses, and post-pandemic challenges at its theme parks.
CEO Bob Iger has overseen the elimination of over 8,000 jobs since his return in 2022 as part of efforts to reduce costs.
The company aims to improve efficiency and maintain its commitment to creativity and innovation despite financial pressures.