Disney Layoffs

[andhra_jp]

Disney Layoffs Underway: Hundreds Of Corporate Staffers Impacted

EXCLUSIVE: More layoff news in what already has been a depressing week. Disney is in the middle of a new wave of cuts as part of a “cost-saving initiative,” sources tell Deadline. We hear about 300 or so people are affected by the layoffs that started yesterday and are continuing today and tomorrow, with a possibility to stretch beyond that.

The positions — all based in the U.S. — are across Disney’s corporate operations, including legal, HR, finance and communications, we hear. Among the divisions that are not impacted in this round are Parks, ESPN as well as Disney Entertainment.

Today’s cuts follow the July 31 round of layoffs at Disney Entertainment Television when about 140 people were let go, representing about 2% of the total DET workforce, and Disney animation studio Pixar reducing staff by 14% in May.

Disney’s layoffs started yesterday, on the same day Paramount Global laid off hundreds in the second round of its own layoffs aiming to cut 15% of the company’s U.S. workforce, with Paramount+ getting the brunt of the cuts.

In addition to Disney and Paramount’s multiple rounds of staff reductions, Fox Entertainment eliminated about 30 positions through a restructuring in July. There were also layoffs at Warner Bros Discovery the same month.

Disney has been in a cost-cutting mode since Bob Iger returned as CEO in late 2022. The big first wave in 2023 eliminated roughly 7,000 jobs over multiple rounds, which represented about 3.2% of the company’s total global workforce.

[Chittoorodu]

No signs of market getting better so far. Gotta wait until the elections are done.

[paaparao]

Disney suppose to have this kind of revenue crunch in 2021 itself. but it took advantage of lockdowns and flocking population to theme parks with high prices. now with economic recession, people not going to theme parks. this is causing huge financial blow ot disney. on top of it they went woke in all movies which got flopped heavily.

unless they get rid of thier CEO bob iger, they would not make any profit.

[tables]

deenamma... 2021 lo peak lo unnapudu disney stock konna.... still holding , 60% down undi.

edo hope undi that it will rise back ani. lets see.

[Bendapudi_english]

18 minutes ago, tables said:

deenamma... 2021 lo peak lo unnapudu disney stock konna.... still holding , 60% down undi.

edo hope undi that it will rise back ani. lets see.

Enni millions anna 

[tables]

1 minute ago, Bendapudi_english said:

Enni millions anna 

aayane unte tella cheera endukani... millions ee unte edo island meeda babes toh enjoy chesevadini,

6k invested.  

[Paya]

1 hour ago, Chittoorodu said:

No signs of market getting better so far. Gotta wait until the elections are done.

Everyone doing 2-3 jobs where you see slowness ?

[Bendapudi_english]

16 minutes ago, tables said:

aayane unte tella cheera endukani... millions ee unte edo island meeda babes toh enjoy chesevadini,

6k invested.  

It will increase anna

[jpismahatma]

41 minutes ago, tables said:

aayane unte tella cheera endukani... millions ee unte edo island meeda babes toh enjoy chesevadini,

6k invested.  

6k anthe na.. ikkada 100k bokkalu padayee..