Disney layoffs: Several hundred in film, TV, finance on the chopping block
Movies, entertainment and media giant The Walt Disney company (Disney) is laying off hundreds of employees from its films, television (TV) and corporate finance divisions, Reuters reported on June 2, citing a source.
The job cuts will impact teams from across the globe, and include film and TV marketing, and TV publicity and casting and development departments, the source added.
According to another report by Deadline, sources said that this layoff has equal cuts from the company's film and TV departments, with a majority of the cut Disney Entertainment Television staffers being based in Los Angeles.
It added that this is the fourth and largest round of layoffs in the past 10 months that have affected various Disney television operations; and lower-level development executives, including a manager of drama programming at ABC Hulu, have also been affected.
In March 2025, the parent Disney, sacked close to 6 per cent (or nearly 200) employees from their ABC News Group and Disney Entertainment Networks units.
In October 2024, the Walt Disney Company undertook restructuring that involved the shutdown of ABC Signature, with its operations folded into 20th Television and the consolidation of ABC and Hulu Originals scripted drama and comedy teams, as per Deadline. The decision cut 20 jobs in Disney Entertainment Television.
Prior to that, in 2023, Disney had cut 7,000 roles in a bid to cut costs of around 5.5 billion, the Reuters report noted. This was the same year that CEO Bob Iger said he would aim to cut has established a goal of cutting $7.5 billion in costs.
The staff trims come amid migration of cable TV audiences to streaming platforms, and as Disney and other media companies 'reshape' their business and adopt strategies to respond to the changes, it added. reductions at the start of 2023, with about 7,000 jobs eliminated that year.
The company's most recent earnings report in May 2025 exceeded Wall Street expectations with an unexpected boost from the Disney+ streaming service and strong results from theme parks.
Disney shares, which have risen 21 per cent since the earnings report, were down 0.3 per cent at $112.62 on June 2 (Monday) afternoon.
(With inputs from Reuters and ANI)
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