File picture of Disney logo on a store. Photo Credit: Reuters
The media company Walt Disney is laying several hundred employees in the film, television and corporate finance, which is a formula familiar with the case on Monday (June 2, 2025).
The source said the trimming affects several teams worldwide, including film and TV marketing, TV promotion and casting and development.
Disney and other companies are re -preparing their business strategies in response to the migration of cable TV audiences for streaming platforms. In 2023, Disney cut 7,000 jobs as part of an attempt to save $ 5.5 billion in cost.
In May, Disney reported earnings, which crossed the expectations with unexpected growth from Disney+ Streaming Services and strong results from theme parks.
Disney’s shares, which have increased by 21% since the earnings report, was 0.5% at $ 112.43 on Monday.
Published – June 03, 2025 10:37 AM IST
(Tagstotransite) Disney Sorting (T) Walt Disney (T) Disney Streaming (T) Job Cut
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