US Edition
Disney laying off hundreds of employees
- Walt Disney Co. Began laying off several hundred employees on Monday across its film, television, and corporate finance divisions worldwide.
- These cuts follow Disney's broader retrenchment efforts announced in February 2023 aimed at reducing expenses amid a prolonged downturn in Hollywood production and employment.
- The layoffs impact marketing, publicity, casting, and development teams, while the company continues restructuring after previous job eliminations including about 7,000 roles cut this year.
- At the close of its most recent fiscal year, Disney employed approximately 233,000 people, and since early 2023, CEO Bob Iger has aimed to reduce expenses by $7.5 billion or more.
- These staff reductions reflect Disney's response to shifting audience habits toward streaming and ongoing industry challenges, signaling continued restructuring despite recent strong earnings.
186 Articles
186 Articles
As Disney's Woke Projects Crumble, Company Set to Lay off Hundreds of Employees
It seems the latest company to learn this lesson the hard way is none other than Disney. Just this week, reports surfaced that several hundred... The post As Disney’s Woke Projects Crumble, Company Set to Lay off Hundreds of Employees appeared first on Patriot Journal.
Disney lays off several hundred workers
(CNN, KYMA/KECY) - Disney was far from the happiest place on Earth for several hundred employees Monday. It's how many the House of the Mouse fired. The company says the layoffs are primarily jobs that work in marketing for movies and TV, publicity, casting and development. Corporate finance was also impacted. It's just the latest round of job eliminations that have become commonplace since Bob Iger returned to lead the company in 2022. But thos…
Coverage Details
Bias Distribution
- 48% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
