
Disney makes hundreds more layoffs as it cuts costs
created: June 3, 2025, 1:58 a.m. | updated: June 4, 2025, 8:08 p.m.
Disney makes hundreds more layoffs as it cuts costsThe latest job cuts follow major layoffs announced in 2023, when around 7,000 workers were let go as part of a drive by chief executive Bob Iger to save $5.5bn (£4.1bn).
The entertainment giant has been under pressure as viewers move away from cable TV subscriptions in favour of streaming platforms.
Disney says it is laying off several hundred more people around the world, with workers in its film, television and finance departments impacted.
The cuts will impact multiple teams including marketing departments for its film and television units.
Disney owns a host of companies across the entertainment industry including Marvel, Hulu and ESPN.
5 days, 4 hours ago: BBC News