In a bid to meet ambitious cost-saving targets, Disney Entertainment Television has laid off 140 employees, affecting a significant portion of its workforce. This move, representing 13 percent of the division’s employees, has been widely felt across several key segments of the company, including ABC Owned Television Stations, Freeform, the operational side of Disney’s linear entertainment networks, Unscripted, Marketing, and Publicity. Notably, National Geographic was hit the hardest, with 60 employees—equivalent to 13% of its team—losing their jobs.
Disney initially announced its goal to achieve $7.5 billion in cost reductions last year, and these layoffs are a critical part of that strategy. Nearly half of the affected employees were based in Burbank, California, emphasizing the deep impact on Disney Studios’ home base. These layoffs, although announced several months earlier, have only started to take effect now.
This follows closely on the heels of significant cuts at Pixar in May, where 175 employees were let go, amounting to 14 percent of its workforce. While these layoffs are a grim reality, Disney has not indicated any plans to completely eliminate specific teams at this time.
For those closely following Disney’s corporate journey, these changes reflect the ongoing adjustments within the company to optimize operations as it navigates the complexities of today’s entertainment landscape.
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Source: WDW News Today
