Disney has reportedly implemented a latest round of lay-offs, sending pink slips to hundreds of employees around the world, with film and television marketing and television publicity under the Disney Entertainment division said to be most heavily impacted.
The round includes television casting and development as well as corporate finance operations, however it is understood no teams have been eliminated. This the fourth wave to affect television staffers in the last year, after the departure of a couple of hundred from networks in March.
The redundancies stem from CEO Bob Iger’s stated mandate in 2023 to save around $7.5bn under a drastic strategic realignment. Since then around 8,000 staffers have lost their jobs.
Last year Disney said in its 2024 annual report that it employed approximately 233,000 people as of September 28, of which 171,000 were based in the United States and approximately 62,000 ouside the country. The global workforce comprises approximately 76% full time, 16% part time, and 8% seasonal employees.
Media heads have effected industry-wide cuts in the wake of the pandemic and the 2023 Hollywood strikes, a lethal one-two punch that forced Hollywood leadership to tighten belts.
A Disney spokesperson did not reply for comment. Deadline first reported the lay-offs.
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