Disney is cutting several hundred jobs worldwide in its latest cost-saving push: Report

Disney is reportedly laying off several hundred employees globally as part of its ongoing cost-cutting effort. The affected roles span film and TV marketing, publicity, casting, development, and corporate finance. While individual staffers were notified Monday, no full teams are being eliminated, according to a source familiar with the matter.

The cut follows a round of layoffs in March that eliminated nearly 200 jobs at ABC News and Disney Entertainment Networks, about 6% of that division’s workforce. It’s part of a broader plan first unveiled by CEO Bob Iger in 2023 to slash 7,000 jobs and streamline operations. Disney currently employs about 233,000 people worldwide, with 171,000 US-based workers.

Disney shares were flat on the news and up about 2% year to date.

Disney Lays Off Several Hundred Employees in Cost-Cutting Measure

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