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Disney initiates another round of layoffs amid global restructuring push
- The Walt Disney Company has begun a new round of layoffs impacting various departments across its global workforce.
- Departments affected include film and television marketing, casting, publicity, development, and corporate finance.
- The job cuts are part of Disney's efforts to streamline operations and refocus on streaming services.
- The cost-saving plan, overseen by CEO Bob Iger, aims to save $7.5 billion after a restructuring process.
- Unlike previous layoffs, the current cuts are targeted and focused on trimming roles across different units.
- Disney aims to retain key talent while redirecting resources to high-growth areas like streaming content and technology.
- The company is adapting to changes in the media landscape and rising production costs.
- In March 2025, about 200 roles were cut at ABC News and other entertainment divisions.
- Disney plans to increase hiring in product and technology areas amidst the layoffs.
- These shifts reflect a long-term transformation to enhance agility, cost-efficiency, and digital growth.
- The entertainment industry is facing challenges as consumer habits evolve and costs increase.
- Disney aims to position itself for sustained growth in the competitive entertainment sector.
- The company is undertaking a strategic overhaul to stay competitive and adjust to changing market dynamics.
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