
5 steps to take after losing your job
Keeping calm after losing your job is a hard task, but it is important to do when taking financial steps to ensure your own safety.
unbranded – Lifestyle
Disney is laying off hundreds of employees from teams across its television and film divisions, the company confirmed to USA TODAY.
While no entire teams are being eliminated, according to a Disney spokesperson, “several hundred” job losses will occur primarily across the Disney Entertainment departments that handle marketing for movies and TV, publicity, casting and development, as well as some in corporate finance.
The spokesperson attributed the cuts to the “rapid pace” of industry transformation and Disney’s goal to “operate more efficiently.” The positions were formally eliminated on Monday, June 2.
The consumer switch to favoring streaming services like Disney+ over traditional television and movie distributors has resulted in financial stressors for corporations like Disney and its competitors
Disney has been engaged in ongoing cost-cutting measures since CEO Bob Iger returned to lead the company in 2022 after retiring from the role in 2020. In an early 2023 earnings call, Iger announced plans to lay off 7,000 employees in a bid to cut spending by billions.
Multiple rounds of job cuts followed. In September 2024, Disney laid off about 300 employees across corporate operations, including legal, HR, finance and communications, Deadline first reported. Previous and subsequent cuts impacted properties like National Geographic, Pixar and the television channel Freeform.
Most recently, Disney cut nearly 6% of its staff, or roughly 200 employees, across its ABC News and Disney Entertainment Networks units in March.
As of its latest fiscal year report from September, Disney had about 233,000 employees. Its second quarter earnings report from 2025 reflected a total revenue of $23.6 billion, up 7% from the same time last year. It also reported a 126 million increase in Disney+ subscribers from the first quarter of 2025, reflecting shifting consumer tastes toward streaming.
The layoffs were first reported on June 2 by Deadline.