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Disney to cut nearly 6% staff across two units, source says

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Disney is planning to reduce headcount by roughly 6% of the total workforce of ABC News Group and Disney Entertainment Networks, a person familiar with the matter said on Tuesday, as the entertainment giant grapples with declining TV audience.
Disney is planning to reduce its workforce by approximately 6%, which equates to around 2,500 jobs, across various units including ESPN, Disney Entertainment, and Disney Parks, Experiences and Products, as reported by the Wall Street Journal on March 5, 2025. This decision comes as part of a broader cost-cutting initiative announced by CEO Bob Iger in February 2023, aiming to save $5.5 billion in costs. The layoffs are intended to streamline operations and make the company more efficient, with the cuts affecting a wide range of positions from executives to lower-level staff. Disney has already begun notifying employees about these layoffs, with the process expected to continue over the next few months.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/media-telecom/disney-cut-nearly-6-staff-across-units-wsj-reports-2025-03-05/ ]