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Disney Cuts Hundreds of Jobs Across TV, Film, Corporate Finance and More in Latest Round of Layoffs

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This marks the fourth and largest staff reduction at the media conglomerate's TV operations in the last year
Disney is set to lay off around 150 employees from its film and television divisions, including executives from the motion picture production and theatrical distribution departments, as part of a broader cost-cutting initiative announced by CEO Bob Iger in February. The layoffs, which began on Monday, are part of a plan to reduce the company's workforce by 7,000 employees, aiming to save $5.5 billion in costs. This move comes amidst a challenging period for the entertainment industry, with Disney also facing a decline in its stock price and a shift in consumer behavior towards streaming services.

Read the Full TheWrap Article at:
[ https://www.thewrap.com/disney-layoffs-film-television/ ]