This is the fourth and largest round of layoffs in the last 10 months that has affected several Disney television operations.
Walt Disney Company It is carrying out important layoffs, with hundreds of employees affected worldwide.
Most of these cessations occur in the divisions of Disney Entertainmentincluding marketing for film and television, as well as television advertising, casting and development. Disney’s corporate financial operations are also affected, according to the Deadline portal.
More dismissals in Disney in recent times
This is the fourth and largest round of layoffs in the last 10 months which has affected several Disney television operations. They are part of a continuous process of cost reduction in traditional media companies, which are restructuring their business to focus on streaming while facing economic difficulties.
Bob IgerDisney, marked the rhythm on his return as CEO, establishing a goal of at least US $ 7.5 billion in cost reductions for early 2023, with the elimination of approximately 7,000 jobs that year.
In early March, almost 200 Disney employees were fired, which represents almost 6% of the workforce of ABC News Group And Disney’s entertainment chains, including Freeform and Fx.
An important restructuring last October involved the closure of ABC Signaturewhose operations merged with 20th Televisionand the consolidation of drama and comedy equipment ABC and Hulu Originals. This resulted in about 30 layoffs in Disney Entertainment Television.
And last July, Det suffered a round of staff cuts that affected approximately 140 people, representing about 2% of the total workforce, 60 of them in National Geographic.
The last cuts occur after the results of the second quarter of Disney, better than expected, of last month, mainly driven by experiences and sports. Streaming also recorded solid results, since the direct operating benefit to the consumer increased by 289 million dollars, to 336 million.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
