Walt Disney Co. is laying off several hundred employees across its film and TV divisions, highlighting ongoing challenges in the entertainment industry. The layoffs began recently and target various roles, including marketing and casting. Disney has previously cut thousands of jobs in an effort to streamline operations and enhance profitability as Hollywood grapples with a consistent decline in production and roles. In total, Disney has eliminated over 8,000 positions as it aims to significantly reduce expenses, a trend mirrored by its competitors in the industry.
Walt Disney Co. is laying off several hundred employees across its film and TV businesses, cuts that underscore the tough times in Hollywood are far from over.
The company announced a retrenchment in February 2023, eliminating 7,000 jobs in a bid to cut expenses by $5.5 billion.
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