📅 June 3, 2025
The Walt Disney Company has launched a new round of global layoffs, letting go of several hundred employees across multiple departments, including marketing, casting, finance, television, and film operations. The move comes as part of the company’s broader effort to restructure and optimize its operations amid ongoing shifts in the media industry.
A Disney spokesperson emphasized that the layoffs are not targeting entire departments but are instead being carried out with a “surgical” approach to improve efficiency while preserving core creative teams. The goal, the company says, is to remain agile and competitive in a rapidly evolving entertainment landscape.
This marks the third significant round of layoffs since CEO Bob Iger announced in 2023 that Disney would reduce its workforce by approximately 7,000 employees and cut $5.5 billion in costs. In March 2025, the company laid off around 200 workers, primarily from ABC News and the Disney Entertainment Networks division.
Despite the job cuts, Disney’s financial results remain strong. The company reported $23.6 billion in revenue for Q2 2025—a 7% increase compared to the same quarter last year. Additionally, Disney+ saw a surge in subscribers, and theatrical releases such as *Thunderbolts* and *Lilo & Stitch* contributed to a robust box office performance.
Disney stock (NYSE: DIS) responded positively to the developments, closing at $113.82, reflecting continued investor confidence in the company’s strategic direction.
