The Walt Disney Co. is laying off several hundred employees globally across various divisions, including marketing, publicity, casting, development, and corporate finance. This move is part of an ongoing effort to trim costs and adapt to evolving industry conditions, following a previous announcement in 2023 by CEO Bob Iger to cut 7,000 jobs as part of a $5.5 billion cost-savings plan.
Disney to lay off several hundred employees worldwide
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TL;DR: Key points with love ❤️The Walt Disney Co. is laying off several hundred employees globally across various divisions, including marketing, publicity, casting, development, and corporate finance. This move is part of an ongoing effort to trim costs and adapt to evolving industry conditions, following a previous announcement in 2023 by CEO Bob Iger to cut 7,000 jobs as part of a $5.5 billion cost-savings plan.
Trending- 1 2023: Disney CEO Bob Iger announced 7,000 job cuts and $5.5 billion cost-savings plan
- 2 Last month (May 2025): Disney posted solid Q2 profits and revenue
- 3 Tuesday (June 3, 2025): Disney spokesperson confirmed current layoffs
- Several hundred employees laid off worldwide
- Cost savings for Disney
- Adaptation to industry changes
What: The Walt Disney Co. is laying off several hundred employees.
When: Tuesday (June 3, 2025).
Where: Worldwide, with headquarters in Burbank, California, United States.
Why: To trim costs, operate more efficiently, and adapt to evolving industry conditions. Part of an ongoing cost-savings plan announced in 2023.
How: Eliminating a limited number of positions across various divisions (television and film marketing, TV publicity, casting and development, corporate financial operations).