Reported 3 days ago
Disney is laying off several hundred employees globally to reduce costs as consumer preferences shift from traditional cable to streaming services. Affected areas include marketing, TV publicity, and corporate operations, with the aim of streamlining amidst a changing media landscape. Since 2023, Disney has cut over 8,000 roles while focusing on expanding its direct-to-consumer platforms. The latest cuts follow a strong earnings report and plans for a new theme park in Abu Dhabi.
Source: YAHOO