“…this is the fourth round of layoffs in the past 10 months that has affected various Disney television operations…
“…part of an ongoing cost-cutting process at traditional media companies as they reshape their businesses to focus on streaming.
“Disney’s Bob Iger, upon his return as ‘CEO’, established a goal of $7.5 billion in cost reductions at the start of 2023, with nearly 7,000 jobs so far eliminated.
“March 2025, 200 Disney employees were laid off, representing 6% of the workforce in the ‘ABC News Group’ and Disney’s entertainment networks, including ‘Freeform’ and ‘FX’.
“The recent cuts follow Disney’s better-than-expected ‘Q2’ earnings May 2025, fueled by theme park ‘experiences’ and sports…
“…with streaming also delivering strong results as direct-to-consumer operating profit increased.”
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