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Disney lays off hundreds in film, TV as industry woes linger

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The staff reductions began Monday and are falling on employees in marketing, publicity, casting and development, along with corporate financial operations.
Disney is set to lay off several hundred employees across its film and television divisions as part of a broader cost-cutting initiative aimed at streamlining operations and boosting profitability. The layoffs, which will affect various departments including production, marketing, and distribution, come amidst a challenging period for the entertainment industry, marked by shifting consumer behaviors and intensified competition from streaming platforms. Disney's CEO, Bob Iger, has emphasized the need for these measures to ensure the company's long-term sustainability and competitiveness in the evolving media landscape. The move is part of a larger trend in Hollywood, where studios are increasingly focusing on cost efficiencies and strategic realignments to adapt to the new realities of content consumption and production.

Read the Full Fortune Article at:
[ https://fortune.com/2025/06/02/disney-layoffs-film-tv-hollywood-industry-studio-cost-cutting/ ]