Disney Is Laying Off Hundreds of Workers. Here's What We Know.

Key Points

• Disney is laying off several hundred employees in its largest round of cuts within 10 months, marking the fourth batch of reductions.
• The layoffs are focused on corporate financial operations and Disney Entertainment divisions—including film and TV marketing, publicity, development, and casting—and span divisions globally without eliminating entire teams.
• Since 2023, Disney has cut more than 8,000 roles out of its roughly 233,000-strong workforce as of September 2024, with a prior round in March reducing about 200 ABC News positions.
• These cost-cutting measures coincide with Disney reporting better-than-expected Q2 earnings, highlighting a broader drive to streamline operations.

Disney is laying off several hundred workers, according to reports in the Wall Street Journal and Deadline. It's the fourth and largest batch of cuts from the company in the last 10 months.

Deadline reports that the majority of the cuts are from the company's corporate financial operations and Disney Entertainment's various divisions, including film and television marketing, publicity, development, and casting.

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The Wall Street Journal notes that entire teams were not being eliminated, but the cuts span divisions globally.

Disney, which is headquartered in Burbank, California, would not disclose the exact number of layoffs this week, according to the Los Angeles Times.

In March, the company cut around 200 jobs, about 6% of the news workforce, mostly affecting the ABC News division in New York.

According to a filing with the SEC, Disney had around 233,000 employees at the end of September 2024. The company has cut more than 8,000 roles since 2023, per Bloomberg.

Disney reported better-than-expected Q2 earnings last month.

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