Disney Lays Off More Than 200 People In Film & TV Divisions
Over the past few years, since Bob Iger returned as Chief Executive Officer in late 2022, the Walt Disney Company has been going on a major cost-cutting program, which has seen thousands of cast members losing their jobs from almost every division across the company.
In the past year, Disney has undergone four separate rounds of layoffs, as the company seeks to reduce spending and streamline its operations. We’ve seen the merger of ABC Signature Studios and 20th Television result in hundreds of layoffs, a cull of staff at ABC News, Pixar and National Geographic
Today, Deadline has revealed that several hundred more employees at Disney Entertainment are going to be let go, with the majority of these layoffs impacting those who work in Los Angeles.
These layoffs are from a variety of different divisions, including the marketing department of film and television, casting, development, finance and television publicity. No teams have been eliminated as part of this cull.
Roger’s Take: It’s unfortunate for those impacted, especially as the entire entertainment industry is undergoing a major shakeup. Disney has been drastically cutting back on the amount of content it creates, which in turn also affects other divisions within the company, such as marketing and publicity. The streaming boom is over, and now we are seeing the impacts of the slowdown in full effect. Sadly, we are likely to see more cuts in the future.
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