File image of the Disney emblem on a retailer
| Photo Credit: Reuters
Media firm Walt Disney is shedding a number of hundred staff in movie, tv and company finance, a supply acquainted with the matter stated on Monday (June 2, 2025).
The layoffs have an effect on a number of groups all over the world, together with movie and TV advertising, TV publicity, and casting and growth, the supply stated.
Disney and different firms are reshaping their enterprise methods in response to the migration of cable TV audiences to streaming platforms. In 2023, Disney cut 7,000 jobs as a part of an effort to save lots of $5.5 billion in prices.
In May, Disney reported earnings that exceeded expectations with an surprising increase from the Disney+ streaming service and robust outcomes from theme parks.
Disney shares, which have risen 21% because the earnings report, had been down 0.5% at $112.43 on Monday.
Published – June 03, 2025 10:37 am IST
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