Disney has laid off around 300 employees across several corporate departments as part of its ongoing efforts to streamline costs. The layoffs impacted departments such as human resources, legal, and finance, primarily in the U.S.
In a statement to Variety, Disney noted, “We continually evaluate ways to invest in our businesses and more effectively manage our resources and costs.” The company aims to operate more efficiently while maintaining its commitment to creativity and innovation.
This round of layoffs follows other job cuts this year, including 140 positions in Disney’s television division in July and 175 Pixar jobs in May. However, these cuts are far smaller than the 7,000 layoffs Disney executed in 2023, shortly after CEO Bob Iger returned to lead the company.
Despite the layoffs, Disney has projected a strong finish for the fiscal year, with anticipated adjusted earnings per share growth of 30%. However, weak demand in the company’s domestic theme parks has raised concerns about future profitability.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/NK6VI456DRHXDITHRXL5EELQXA.jpg?fit=300%2C225&ssl=1 "Disney Layoffs Hit 300 Corporate Jobs Amid Ongoing Cost-Cutting Efforts 1")
