Disney cuts jobs in film and television departments

Disney wants to continue its restructuring towards becoming a streaming company with further job cuts. According to the BBC, several hundred jobs will be cut worldwide. According to the report, marketing positions in Disney's film and television departments and positions in Disney's finance division are particularly affected.

“As our industry changes at a rapid pace, we continue to investigate how to run our business efficiently while fostering the creativity and innovation that consumers value and expect from Disney,” the BBC quotes a Disney spokesperson as saying.

According to the BBC, no teams will be completely closed as part of the job cuts. “We have taken a surgical approach to minimize the number of employees impacted,” the Disney spokesperson is quoted as saying. According to the BBC, Disney has over 230,000 employees worldwide.

Billions in savings per year

Disney CEO Bob Iger announced job cuts on his return as head of the company to better position the company for the future. His predecessor Bob Chapek had also already held out the prospect of redundancies. Iger has set himself the goal of saving billions every year.

The big cut was already made in 2023: Around 7000 jobs – around three percent of the global workforce – were cut to save annual costs of USD 5.5 billion. There were also several more rounds of redundancies this year. In March, Disney made around 200 employees redundant. This affected jobs at the news channel ABC News, among others.

In the fourth quarter of 2024, Disney exceeded analysts' forecasts. Although Disney+ recorded a slight decline in subscribers, the Group nevertheless posted higher revenue: Average subscription prices have risen, and Disney is also generating income from advertisements in its cheapest subscription.

(dahe)