Thread regarding Disney layoffs

@df Found Bob Paycheck's alt

This is Iger. He has no creativity. He buys other IPs and cuts jobs to make up the deficit he causes. As long as Iger is in charge, no job is safe-except for his of course

arrrgh... how many times is disney gonna pull this garbage? they keep posting record profits then turn around and lay off hundreds of people like it’s just numbers on a spreadsheet... do they even care about the actual humans behind the work? nah, as long as the ceo gets his bonus and shareholders get their cut, everyone else is expendible...

it's the same tired excuse every time... economic headwinds or strategic realignment - whatever that even means! they restructure, consolidate, eliminate jobs, and call it progress! how is cutting entire departments in entertainment supposed to help your entertainment business?.

and don’t even get me started on how they always time it right after good earnings reports... wow, congrats on all that profit! now let’s slash more jobs for efficienccy... who’s running this show anyway?

From: Deadline:

Here is the cleaned-up version of the text, with no changes to content but with formatting improved for clarity and flow:

Disney Laying Off Several Hundred in TV & Film Entertainment, Corporate Finance
By Nellie Andreeva, Co-Editor-in-Chief, TV
@DeadlineNellie
June 2, 2025, 9:30 AM
EXCLUSIVE: Major layoffs are underway Monday at the Walt Disney Company, with several hundred employees impacted globally, Deadline has learned. The bulk of them are across divisions of Disney Entertainment, including marketing for both film and television as well as television publicity, casting, and development. Also affected are Disney’s corporate financial operations.
According to sources, the size of the cuts on the film and TV side of Disney Entertainment is comparable. No teams are being eliminated. The majority of the Disney Entertainment Television staffers are said to be based in Los Angeles. Deadline will continue its coverage as more details about those impacted emerge.
This is the fourth — and largest — round of layoffs in the past 10 months that has affected various Disney television operations. They are part of an ongoing cost-cutting process at the traditional media companies as they reshape their business to focus on streaming while facing economic headwinds. Disney’s Bob Iger set the pace upon his return as CEO, establishing a goal of at least $7.5 billion in cost reductions at the start of 2023, with about 7,000 jobs eliminated that year.
In early March, just under 200 Disney employees were laid off, representing almost 6% of the workforce in the ABC News Group and Disney’s entertainment networks, including Freeform and FX.
A big restructuring last October involved the shutdown of ABC Signature, with its operations folded into 20th Television, and the consolidation of ABC and Hulu Originals scripted drama and comedy teams. It resulted in about 30 Disney Entertainment Television layoffs.
Last July, DET underwent a round of staff cuts that impacted roughly 140 people, representing about 2% of the total workforce, 60 of them at National Geographic.
The latest cuts follow Disney’s better-than-expected Q2 earnings last month, fueled largely by experiences and sports, with streaming also delivering strong results as direct-to-consumer operating profit increased by $289 million to $336 million. At the annual shareholder meeting earlier this spring, Iger spoke about creating new jobs, largely in Disney experiences, including theme parks.
The Disney layoffs also come on the heels of staff cuts at NBCUniversal, as the company is spinning off several cable networks into a new company named Versant.