Disney, one of the world’s biggest mass media conglomerates, has announced hundreds of job cuts, according to Reuters. The cuts will be made in three of Disney’s most prominent departments: Film, TV, and Finance. According to people familiar with the subject matter, these layoffs will affect multiple teams around the world, including TV marketing and film, TV Publicity, casting and development.
Many companies around the world are doing just this to lower their expenditure and secure a better part of revenue as profit. Recently, some of the biggest companies in the world, like Amazon and Google, laid off hundreds, if not thousands, of employees in an effort to save costs.
Disney is no stranger to this. As a matter of fact, Disney has laid off more employees in recent years than any other major media company in the world. In 2023, Disney laid off around 7000 employees to save around $5.5 billion. Then, in 2024, Disney conducted some more rounds of layoffs, where 140 employees were let go from Disney Entertainment Television and 175 from Pixar in May. The layoff didn’t end there. Disney laid off another 300 employees in 2024.
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In March 2025, Disney also laid off nearly 6%, or a little less than 200 people, from ABC News Group and Disney Entertainment Networks.
That being said, the layoffs have generated some results for the company. Disney’s latest earnings report in May exceeded Wall Street’s expectations, mainly because of an unexpected boost in Disney+ streaming services. As a result, Disney’s shares have risen 21%, which is impressive.
