Disney laying off several hundred employees worldwide
A Disney spokesperson confirmed the action on Tuesday.
The exact number of jobs being cut is unknown, but lay-offs will occur across several divisions, including television and film marketing, TV publicity, casting and development, and corporate financial operations.
No entire teams will be eliminated.
'As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fuelling the state-of-the-art creativity and innovation that consumers value and expect from Disney,' the spokesperson said.
'As part of this ongoing work, we have identified opportunities to operate more efficiently and are eliminating a limited number of positions.'
Last month, Disney posted solid profits and revenue in the second quarter as its domestic theme parks thrived and the company added well over a million subscribers to its streaming service.
The company also boosted its profit expectations for the year.
Disney's also been riding a wave of box office hits, including Thunderbolts* and Lilo & Stitch, which is now the second-highest grossing movie of the year.
In 2023, Disney CEO Bob Iger announced that Disney would cut about 7,000 jobs as part of an ambitious company-wide cost-savings plan and 'strategic reorganisation'.
Disney said at the time that the job reductions were part of a targeted 5.5 billion dollars cost savings across the company.
Shares of Disney, which is based in Burbank, California, rose slightly in midday trading.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
2 hours ago
- Scottish Sun
Huge toy chain to open brand new Scottish store TOMORROW
The brand has one other Scots store and hundreds of punters queued up on its opening day SHOP TO IT Huge toy chain to open brand new Scottish store TOMORROW Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A HUGE toy chain is set to open a brand new store in a major Scots shopping centre tomorrow. Chinese giant Miniso will cut the ribbon on a new branch in Braehead Shopping Centre near Glasgow. Sign up for Scottish Sun newsletter Sign up 3 Miniso will open a second Scots store in Brahead, near Glasgow, tomorrow Credit: Andrew Barr 3 It will stock all the best-selling products including their blind boxes and cute plushies Credit: Andrew Barr 3 They also have a wide range of cosmetics, stationary and kitchenware Credit: Andrew Barr With 39 branches across the UK, the lifestyle retailer is famed for its iconic range of affordable and trendy products. The new Braehead store will stock all the best-selling blind boxes, cute plushies, a range of cosmetics, stationery and kitchenware and the popular Saniro goods like Hello Kitty, and other brands like Disney, Harry Potter and Pokémon. Miniso has one other store in Scotland - situated on Edinburgh's Princes Street. The Edinburgh shop opened in March this year and saw hundreds of shoppers queuing outside. The Braehead store will open officially tomorrow at noon. Special promotions will be in place and punters could even get their hands on a goody bag worth over £25. A post on their Instagram reads: "We're pure buzzing to announce the grand opening of our brand new MINISO store at the Braehead Centre – happening at 12PM on Friday 6 June! "Get ready to step into a world of joy, packed with Sanrio and Disney delights, squishy plushies, lifestyle must-haves, tasty snacks, and amazing new collabs like Disney Stitch, Minecraft, My Little Pony, Pokémon, and of course Hello Kitty! "We're going BIG for our Glasgow Grand Opening – expect FREE £25 goody bags for the first customers, exciting entertainment, and a few cheeky surprises along the way!" Shoppers flocked to social media to share their excitement. Inside Scotland's first Miniso store as bosses reveal there are more to come One wrote: "Holy s**t Miniso Glasgow is going to be in Braehead". Another added: "So excited for this". Elsewhere, a global fashion brand is launching its brand new store in Glasgow's Silverburn shopping centre. And a popular burger chain will open its second branch in Edinburgh.
Time Out
3 hours ago
- Time Out
101 Dalmatians
This review is from 101 Dalmatians' original 2022 run at the Open Air Theatre. It returns to the Hammersmith Apollo for a summer 2025 run starring Sydnie Christmas as Cruella de Vil. Adapted direct from Dodie Smith's 1956 kids' book – ie, absolute not a Disney production – '101 Dalmatians' is a scrappy affair. It's the first ever original musical from the Regent's Park Open Air Theatre, and it boasts charming puppetry, big-name writers and a scream of a turn from Kate Fleetwood as the evil Cruella de Vil. But by the towering standards of the OAT – known for its revelatory musical revivals – it's pretty uneven. If you just view it as a fun kids' show, you'd be more forgiving. In fact, I was pretty forgiving: I skipped press night and took my children the following afternoon. However, I wouldn't say it's really been pushed as a show for youngsters: historically the OAT's musicals are aimed at an adult audience, the evening finish is certainly too late for my children, and the foregrounding of Fleetwood's villainous Cruella de Vil in the publicity recalls Disney's more adult-orientated spin-off film of last year ('Cruella'). Anyway: my kids had fun at Timothy Sheader's production. I mean, it starts with a protracted bottom-sniffing scene, for crying out loud, as grown-up dalmatians Pongo (Danny Collins and Ben Thompson) and Perdi (Emma Lucia and Yana Penrose) meet for the first time, give each other a good honk up the backside, fall in love and nudge their bookish, introverted human owners Dominic (Eric Stroud) and Danielle (Karen Fishwick) into starting a relationship. Skip forward a bit and humans and hounds have moved in together, and the latter have produced 15 babies. Uber puppet designer and director Toby Olié's spotty pooches are proper showstoppers: Pongo and Perdi have large, mobile forebodies operated by a puppeteer and hind legs shared with the human actor who speaks their lines: Emma Lucia is particularly charming as a compassionate, north-eastern Perdi. The innumerable puppies are generally just represented by their heads… and they're jolly sweet, too. In Johnny McKnight's stage adaptation of Zinnie Harris's contemporary update, the canine idyll is punctured by the arrival of Fleetwood's De Vil, a psychopathic influencer who is, by and large, extremely funny as she self-pityingly inveigles her way into our heroes' lives, then persuades herself she absolutely must have – and deserves – a dalmatian-puppy-skin coat. With a succession of increasingly frightening fright wigs, her forever remarkable cheekbones, and some full-on panto-villain vibes, Fleetwood is an absolute joy. She's also the focal point of the most visually imaginative moments of Sheader's production: a spirited, cartoon-style attempt to use puppetry to look like her hair and arms have popped out after she swallows a dodgy potion; and most impressively, a tableau at the end of the first half where the dancers line up in formation behind her to form the giant puppyskin coat of her fantasies (there's deliciously lurid costume design from Katrina Lindsay). Lots of positives, then, but as a whole, it feels pretty all over the shop. Much as Harris has updated the story, neither she nor McKnight have solved its problems: the abrupt second-half switch of focus to a group of child actors playing a quartet of escaped puppies is tonally disorientating and lays an awful lot of pressure on some very young performers. Even taking that on the chin as a necessity of the story, there were too many moments when I struggled to work out exactly what was going on (Cruella's initial capture of Pongo and Perdi, for instance, was baffling – she seemingly only managed to abduct them from their home because a scene change happened around them). There's also simply a dearth of memorable characters beyond Cruella: Perdi is lovely, but her aside it's hard to feel especially invested in the bland good guys (beyond the obvious fact that skinning puppies is bad). And while stage legend Douglas Hodge's wordy, string-and-brass-heavy songs are pleasant and good at keeping the story ticking along, there's a lack of killer tunes that might have compensated for other shortcomings – although the joyous finale 'One Hundred and One' is a keeper. My kids didn't care about any of this: they enjoyed two hours of a lighthearted good vs evil yarn with some cool puppets and a boo-hissable villain. They didn't worry about the merits of '101 Dalmatians' as a musical for the ages. And if you can take the same attitude, you'll have a blast, or at least you'll have a blast in the good bits. But ultimately the Open Air Theatre is one of the best musical theatre venues in London, and by its own extremely lofty standards, '101 Dalmatians' is a bit of a dog's dinner.
Wales Online
4 hours ago
- Wales Online
Wrexham transfer target gets his wish after Ryan Reynolds makes 'aggressive' claim
Wrexham transfer target gets his wish after Ryan Reynolds makes 'aggressive' claim Wrexham, who are owned by Hollywood stars Ryan Reynolds and Rob McElhenney, have received an update in their bid to sign a Premier League star following their recent promotion Wrexham's co-owners Ryan Reynolds and Rob McElhenney have received an update on their bid to sign Tom Cairney (Image: Getty Images ) Wrexham's aim of signing Fulham skipper Tom Cairney have hit a snag, despite the North Wales club's strong interest in bringing the player to the Racecourse Ground. The Red Dragons, under the ownership of Hollywood actors Ryan Reynolds and Rob McElhenney, have been linked with Cairney over the last month. Wrexham manager Phil Parkinson is anticipated to have significant financial support in the summer transfer window to strengthen his team after their promotion from League One. It was reported in May that Wrexham had tabled an attractive financial offer to Cairney as a top transfer target. However, Fulham have thrown a spanner in the works by offering the 34-year-old midfielder a new deal to remain at Craven Cottage. Cairney, who has two Scotland caps to his name, featured in 25 Premier League matches this past season and is currently considering his future. After netting a goal in Fulham's win over Brentford last month, Cairney shared his eagerness to stay at the club with BBC Match of the Day. Speaking about his contract situation, he said: "Nothing is sorted yet. Next week is my final game for Fulham. Hopefully it's not. In football, sometimes things go to the last minute and hopefully it's not my final time at Craven Cottage next weekend." Fulham boss Marco Silva also revealed his desire to retain a key player. "I think he is going to be with us and I hope it is the ambition to have him with us next season," he said. "He knows what I think about it. He's a very good footballer and I know how we can use him." Article continues below Wrexham have strongly been linked with a move for Fulham's Tom Cairney (Image:) Watch Welcome to Wrexham season 4 on Disney+ This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more from £4.99 Disney+ Get Disney+ here Product Description Welcome to Wrexham is back on Disney+ for a fourth season. Fans can watch the series with a £4.99 monthly plan, or get 12 months for the price of 10 by paying for a year upfront. The offer of a new contract strikes a blow to Wrexham's aspirations of landing the player, despite Hollywood actor Reynolds recently revealing their bold transfer market ambitions on the RobRyanRed podcast. He said: "We're coming to win. I can't give you a dollar figure, but I can tell you that we are going to be as aggressive as we can possibly be while being mindful of sustainability. We have a stadium to revamp, but will still maintain its character and culture." Wrexham manager Parkinson has also signalled his intent for strengthening his squad as they aim to compete in the Championship. Sign up to our newsletter! Wrexham is the Game is great new way to get top-class coverage Wrexham AFC is the arguably the fastest-growing club in the world at the moment thanks to a certain Ryan Reynolds and Rob McElhenney. The Dragons have achieved two consecutive promotions and are cheered on by crowds from not only North Wales but also from all over the globe, thanks to the success of the Disney+ documentary 'Welcome to Wrexham'. But does it have a dedicated, quality source of information piped through to your inbox each week, free of ads but packed with informed opinion, analysis and even a little bit of fun each week? That's where Wrexham is the Game steps in... Available every Wednesday, it provides all the insights you need to be a top red. And for a limited time, a subscription to 'Wrexham is the Game' will cost fans just £15 for the first year. Sign up for Wrexham is the Game here Article continues below He told The Leader: "Me and [assistant manager] Steve Parkin know the qualities we like in players and it is about identifying the positions we feel we need to strengthen, which we have done. "Then it is looking at the players available and having meetings with them, analysing what they bring and trying to bring the lads in which we feel can fit into the group we have already got because we have got a really good side. "We want to add to that. It is about improving the quality level with the right people. We are a club which has got a winning mentality, and we want to keep that."
