Amid a crisis in the Hollywood industry, Disney is reportedly laying off hundreds of employees in film, television, and corporate finance, according to a source who informed the New York Post on Monday (2nd).
The information is that several Disney departments, including film and TV marketing, TV advertising, casting, and development, have been affected by the layoffs.
Other entertainment companies are reshaping their business strategies due to the growing audience on streaming platforms compared to cable TV subscribers.
In 2023, Disney cut 7,000 jobs to save $5.5 billion in costs. The company also laid off fewer than 200 people from the ABC News group and Disney Entertainment Networks in March 2025.
The most recent earnings report released in May showed that the company’s shares, which rose 21% since the earnings report, fell 0.5% and were traded at $112.43 on Monday (2nd), beating expectations.
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