Overview

• Disney eliminated several hundred positions in its latest layoff, targeting film and TV marketing, publicity, casting, development and corporate finance roles, with most cuts in Los Angeles.
• This fourth layoff round is the largest in ten months and follows previous job reductions in March, October and July that have removed over 8,000 positions since early 2023.
• Bob Iger’s 2023 restructuring blueprint set a $7.5 billion cost-reduction goal and planned for 7,000 job cuts, a framework guiding the current workforce trimming.
• In Q2, Disney posted $23.6 billion in revenue, a 7% year-over-year gain driven by strong experiences and sports performance and a $289 million rise in direct-to-consumer operating profit.
• The company is redirecting resources toward streaming growth, evidenced by Disney+ subscriber gains, alongside expansion of its theme park and experiences business.