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HRKatha

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Is Disney slashing jobs yet again?

  • Disney is trimming its workforce, primarily from teams handling marketing, publicity, casting, development, and finance in the Entertainment departments.
  • Financial pressures due to declining movie distribution and television viewership have led Disney to cut costs and reduce jobs.
  • Under CEO Bob Iger, Disney announced plans to cut 7,000 jobs to save costs, with recent layoffs affecting divisions like ABC News and aiming to save $5.5 billion.
  • Recent rounds of job cuts in September 2024 and March 2025 saw approximately 300 and 200 employees affected, respectively, as part of Disney's ongoing cost-saving measures.

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