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Hundreds of Disney employees terminated from company after layoffs

Disney employees rally outside the main entrance of Disneyland Resort in Anaheim, California, on July 17, 2024, ahead of a planned strike authorization vote
Disney employees rally outside the main entrance of Disneyland Resort in Anaheim, California, on July 17, 2024, ahead of a planned strike authorization vote (AFP via Getty Images)
  • Disney implemented its fourth and largest round of layoffs in the past year, primarily affecting its television operations.
  • The layoffs impact various departments, including corporate financial operations, film, television, marketing, television publicity, casting, and development, with most affected staff based in Los Angeles.
  • Previous rounds of layoffs included 200 workers three months ago, impacting ABC News in New York and Disney-owned entertainment networks, and another cut of about 40 employees at ABC News in October.
  • The cost-cutting measures are partly attributed to the rise of streaming platforms, leading consumers to shift away from traditional TV.
  • In 2023, Disney CEO Bob Iger set a goal to reduce operating costs by $7.5 billion, resulting in the elimination of 7,000 jobs; he also emphasized plans to create new jobs in experience sectors and theme parks.
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