Disney Announces More Layoffs

Disney says it is laying off several hundred more people around the world, with workers in its film, television and finance departments impacted.

The entertainment giant has been under pressure as viewers move away from cable TV subscriptions in favour of streaming platforms.

A spokesperson told the BBC that as the industry transforms at a rapid pace, they continue to evaluate ways to efficiently manage the businesses while fuelling the state-of-the-art creativity and innovation that consumers value and expect from Disney.

The latest job cuts follow major layoffs announced in 2023, when around 7,000 workers were let go as part of a drive to save US$5.5 billion.

The cuts will impact multiple teams including marketing departments for its film and television units.

Workers in Disney’s casting and development and corporate finance departments will also be affected.