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Layoffs have hit Disney once again.
©Disney
On Wednesday, July 31st, Disney announced a massive round of layoffs. The cuts will affect roughly 140 employees – – or 2% of the company’s workforce – – across the television division according to Variety.
Disney is known for employing hundreds of thousands of people, but much of that has changed as of late.
Walt Disney Studios
The Walt Disney Company has recently been restructured, and unfortunately, that included around 7,000 layoffs across various departments. The last round of layoffs took place in 2023, and now, it sounds like even more job cuts are on the way.
The Walt Disney Company has had a rough go of it over the past few years.
©Disney | Walt Disney Company Headquarters
We’ve seen political controversy, lawsuits, and mass layoffs impact the company, and now, more layoffs are on the horizon for certain employees. Here’s what we know.
Back in February, Bob Iger announced that the Walt Disney Company would undergo a restructuring, causing $5.5 billion in spending cuts.
Bob Iger, CEO
As a part of this overhaul, 7,000 job cuts went into motion, and many lost their jobs in the following months. In March, the company laid off more than 300 employees in China who were working on its streaming services. Now, those layoffs are creating more questions as malfunctions affect the company’s streaming programs.
Since Bob Iger’s Return as the Walt Disney Company’s CEO, Disney has been going through changes.
©Reuters | Disney CEO Bob Iger
Iger announced $5.5 billion in spending cuts, which included plans for over 7,000 job cuts throughout the company. We’ve already seen a few rounds of these cuts happen, but recently another 75 job cuts have been made–and this time some major Pixar executives were affected.
It’s been a little over six months since Bob Iger returned as the Walt Disney Company’s CEO, but in that short amount of time, the company has gone through a LOT of changes.
©Disney
Not only has Iger overseen a series of “organizational and operations changes,” but there have also been some serious budget cuts made to the tune of $5.5 billion. A portion of those budget cuts included laying off 7,000 employees, and the company has now met that goal.
The Walt Disney Company is in the middle of being restructured, after Bob Iger announced that $5.5 billion in spending cuts would be coming — including 7,000 layoffs that were previously announced.
Cinderella Castle
We’ve already seen a few rounds of these layoffs happen, but Disney has indicated that more could be on the way. In March, Disney laid off a team of about 50 members on the next-generation storytelling and consumer-experiences unit, effectively squashing the company’s plans to expand into the metaverse. And now, we have another update.
The Walt Disney Company is in the middle of a huge restructuring endeavor. Since late-2022, we’ve seen some big changes both in the Disney parks and on The Walt Disney Company executive board. Lately, it feels like things are changing at warp speed, and now we’ve got another update to share.
Magic Kingdom
Recently, Disney has been under intense scrutiny. CEO Bob Iger’s comments on the future of the Disney brand indicate he has plans to make some big changes, including a large round of layoffs. We’ve already seen 7,000 job cuts announced, and information about who may or may not be impacted. And now we’ve got more news.
In an effort to cut back on spending, Disney CEO Bob Iger announced 7,000 job cuts across the company. Now an executive let go during the first wave of these cuts says he did not agree with Disney’s stance on the Florida Parental Rights in Education Act.
©Disney | Walt Disney Company Headquarters
We reported recently that Marvel Entertainment Chairman Isaac “Ike” Perlmutter was laid off in a round of job cuts. But now, Perlmutter has spoken with The Wall Street Journal, sharing his thoughts on everything that happened.
Earlier this year, CEO Bob Iger announced 7,000 job cuts would be coming to Disney as part of the company’s goal to reduce spending by $5.5 billion.
Cinderella Castle
An initial wave of layoffs were announced this week, including Mark Levenstein, SVP Production for Hulu; Elizabeth Newman, VP of Development at 20th Television; and Jayne Bieber, SVP Production Management & Operations for Freeform. And now, a longtime Disney publicist and spokesperson has shared that he is among them.
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