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Disney Cuts Hundreds of Positions Across TV, Film and Finance Divisions

Disney says the layoffs will reduce costs to boost streaming profitability

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FILE - People visit the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Fla., April 18, 2022. (AP Photo/Ted Shaffrey, File)
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Overview

  • The latest cuts span film and television marketing, publicity, casting, development and corporate financial operations worldwide.
  • This fourth round of reductions follows more than 8,000 job eliminations since 2023 under a $7.5 billion cost-saving plan launched by CEO Bob Iger.
  • Disney reported $23.6 billion in Q2 revenue, a 7% year-over-year increase driven by its profitable streaming services and its experiences segment.
  • Disney+ reached 126 million subscribers in Q1 2025 as the company accelerates its shift from traditional TV to direct-to-consumer platforms.
  • Iger has pledged to channel savings into high-quality content production and new roles in theme parks and experience offerings.