Disney makes hundreds more layoffs as it cuts costs

Disney says that he releases several hundred more people worldwide, with workers in his film, television and funding services.

The entertainment giant was under pressure while viewers move away from cable television subscriptions in favor of streaming platforms.

“While our industry is transformed at a rapid pace, we continue to assess the means to effectively manage our companies while fueling the creativity and advanced innovation that consumers appreciate and expect Disney,” said a spokesman for the BBC.

The latest employment areas followed major dismissals announced in 2023 when About 7,000 workers were Leave as part of a CEO Bob Iger campaign to save $ 5.5 billion (4.1 billion pounds sterling).

The cuts will have an impact on several teams, including marketing departments for its film and television units.

Workers in Disney Casting and Development Services and Business Financing will also be assigned.

“We were surgical in our approach to minimize the number of employees affected,” said a spokesperson. The company also said that no team would be completely closed.

The company based in California employs 233,000 workers, with just over 60,000 people outside the United States.

Disney has a multitude of entertainment industry companies, including Marvel, Hulu and ESPN.

The company declared more solid profits than expected in May, with a global turnover of $ 23.6 billion for the first three months of the year. It was an increase of 7% compared to the same period in 2024.

He said growth was fueled by new subscribers to his Disney +streaming service.

The company has published a number of new films this year, including Captain America: Brave New World and Snow White.

The live action remake of the emblematic animated film Snow White did not work as well as expected in cinemas, After facing a number of negative examss.

But the latest version of Disney, Lilo & Stitch, broke records at the United States for the Memorial Day vacation weekend.

The animated film has seen global ticket sales over $ 610 million since its release in May, according to the data company in the Box Office Mojo industry.