Disney is laying off several hundred more employees around the world. The cuts will affect workers in its film, television, marketing, casting, and corporate finance departments, according to company officials. The company is facing challenges as more viewers are leaving cable TV and switching to streaming services. A Disney spokesperson told the BBC, “As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fuelling the state-of-the-art creativity and innovation that consumers value and expect from Disney.”  These layoffs come after a major round of cuts in 2023, when Disney let go of around 7,000 workers. CEO Bob Iger launched that cost-cutting drive to save $5.5 billion.

Cuts Spread Across Divisions

This new round of job cuts will not shut down any entire teams, the company said. However, employees in the marketing, casting, development, and finance teams will be impacted. “We have been surgical in our approach to minimise the number of impacted employees,” said a company spokesperson.

Company Size and Global Reach

Disney has a workforce of about 233,000 people, and over 60,000 of them work outside the United States. The company owns major brands like Marvel, Hulu, and ESPN.

In May, Disney reported stronger-than-expected earnings. Revenue for the first quarter of 2025 reached $23.6 billion, a 7% increase from the same time in 2024. The growth was mostly due to new subscribers to Disney+, the company’s streaming platform.

Disney also released several big movies this year, including Captain America: Brave New World and a live-action version of Snow White. However, Snow White didn’t do well at the box office. It got poor reviews, which hurt its performance.

On the other hand, Lilo & Stitch, Disney’s most recent animated film, became a huge hit. It broke box office records in the US during the Memorial Day weekend and made over $610 million worldwide, according to Box Office Mojo