Disney is letting go of several hundred more workers worldwide in its film, TV, and finance departments. This is the fourth round of job cuts in the last 10 months as the company adjusts to people moving from cable TV to streaming services.
The layoffs mainly hit marketing teams for Disney’s movies and TV shows, along with TV publicity, casting, and development staff. Finance departments are also affected. Disney says no complete teams will be eliminated.
“As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fueling the state-of-the-art creativity and innovation that consumers value and expect from Disney,” a company spokesperson said.
Among those leaving is Eric Souliere, who oversaw casting for shows like “American Horror Story” and “9-1-1” at 20th Television. Souliere will move to the new spinoff “9-1-1: Nashville.” Tony Tompson is also departing after spending over six years as a content development leader at Hulu Originals.
These cuts follow larger layoffs in 2023 when Disney cut about 7,000 jobs. CEO Bob Iger is trying to save around $7.5 billion by streamlining operations as the company focuses more on making its streaming services profitable.
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What’s surprising about these layoffs is they come right after Disney reported strong financial results. In May, the company announced revenue of $23.6 billion for the first quarter of 2025 – up 7% from last year. This growth came partly from adding more Disney+ subscribers.
The clash between cutting jobs while making more money has some questioning whether these layoffs are really necessary.
Disney’s recent movies show mixed success. “Lilo & Stitch” broke Memorial Day weekend records and has made over $610 million worldwide since May. Meanwhile, the new “Snow White” movie didn’t perform as well and received many negative reviews.
Disney employs about 233,000 people globally, with around 60,000 working outside the United States. The company continues to navigate big changes in how people watch entertainment while trying to remain a leader in creating popular content.
