United States: The Walt Disney Company is set to lay off several hundred more employees worldwide, with workers in its film, television, and finance departments among those affected.
A Disney spokesperson confirmed the latest round of job cuts, mentioning the need to streamline operations with rapid changes in the entertainment industry. Disney spokesperson remarked that, “As our industry transforms at a rapid pace, we continue to consider ways to efficiently manage our businesses while fuelling the state-of-the-art creativity and innovation that consumers value and expect from Disney.”
This follows a major restructuring effort announced in 2023, during which approximately 7,000 jobs were eliminated as part of CEO Bob Iger’s strategy to trim costs by $5.5 billion.
Departments impacted by the latest layoffs include marketing teams across film and television, as well as staff in casting, development, and corporate finance. However, the company underscored that no entire teams will be disbanded. The spokesperson added that, “We have been surgical in our approach to minimise the number of impacted employees.”
Disney currently employs around 233,000 people globally, with more than 60,000 located outside the United States. The company owns a range of major entertainment brands, including Marvel, Hulu, Pixar, and ESPN.
Despite the staff reductions, Disney documented stronger-than-expected earnings in May, posting a 7 percent year-on-year increase in revenue to $23.6 billion for the first quarter. The growth was largely attributed to rising Disney+ subscriptions.
The company has launched several new films in 2025, including Captain America: Brave New World and a live-action adaptation of Snow White. While Snow White underperformed at the box office following poor reviews, Lilo & Stitch, Disney’s latest release, broke Memorial Day weekend records in the US and has generated over $610 million in global ticket sales, according to Box Office Mojo.
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