Disney has fired hundreds of employees on a new round of cuts inside the entertainment giant. Most of those affected are in Los Angeles, where the company is located, although there are some corporate roles eliminated in other parts of the world. The bulk of the cuts impact the entertainment division, especially to the equipment dedicated to advertising and marketing of television films and series. The casualties, however, also extend to the casting, development and financial department of Disney, who has been living for the traditional television industry for several years.
The exact number of layoffs has not been announced, although the news advanced by entertainment medium Deadline He talks about “several hundred.” The company has confirmed the casualties ensuring that these will allow to operate more effectively. They have also nuanced the press information ensuring that no team has been completely eliminated. This is the fourth and largest round of cuts that the company has carried out in the last ten months.
The company eliminated another 200 jobs in March. The layoffs then concentrated on the ABC chain news area and in the Disney entertainment chain. The objective was to reduce 6% of the workforce to face in a better way to a contraction of the traditional television service.
In July last year, in the middle of one, another 140 people used in National Geographic, Freeform, a subscription television channel, and other local chains that are part of the ABC network in the United States were fired. At the end of September, the company informed the Securities and Exchange Commission (SEC), the stock market regulator, which had about 233,000 employees. In October, a month later, ABC eliminated another 40 jobs in Los Angeles and New York.
The savings campaign was put from the company. The Executive created the giant who is today the company for a first period as CEO that lasted 15 years. In 2020 he went to a brief retirement that he abandoned at the end of 2022. On his return he found a panorama as complicated as different created by the pandemic. The company was producing too many series and films to compete in front of Netflix. One of his first shares was to reduce spending by 7.5 billion dollars, a plan that needed to do without 7,000 jobs. These were fired at the beginning of 2023.
The layoffs have not been the only way for which the company has opted to cut expenses. Disney has also opted to relocate its production for all North America of ESPN, one of the jewels of the television business. The company has moved several technical positions to Mexico and Bristol, Connecticut, where the headquarters of the sports chain is located. Last May the ultimatum expired that the company gave to the 35 employees of SportsCenterone of ESPN’s most popular programs. These had the option of abandoning Los Angeles, where production costs are very high, and move to the east to Connecticut. The alternative was to stay out of Disney.
