Imagine working for Disney, you probably think you’ve got a job for life, right? Well, even though Disney is probably the biggest brand on the planet, it seems it will be laying people off. Shouldn’t it be growing?
The Wrap has reported that Disney layoffs will start very soon. Most severely impacting the market, awards and publicity departments of film, streaming, television and cable. Up to 1,000 staff members will be affected.
All of the Disney brands are thought to feel the pinch, with layoffs stretching across all of its brands, including Hulu, FX, ESPN, ABC News, and Marvel. There will also be cuts in corporate, finance and technology.
An insider has said that the cuts are “a move towards greater efficiency rather than merely cutting costs.” Disney haven’t responded to the layoffs at this time.
As we know, Disney has a new CEO, Josh D’Amaro, and this will be the first such layoffs under his takeover in March of this year. His predecessor, Bob Iger, was responsible for over 8,000 layoffs since 2022.
In March, when D’Amaro took over, he said the company would operate as “one Disney”, stressing close collaboration across teams. This sounds like “One Disney to rule them all”.
Disney have seen a rise in earnings in its parks division. However, Marvel and Pixel have been suffering at the box office. I didn’t find any news on how Star Wars is doing, but I’m guessing it’s very much in the red.
They have movies like The Devil Wears Prada 2, Toy Story 5, and Mando and Grogu movie are due out in May. Will they turn the box office around for Disney?
