As part of ongoing cost-saving efforts, Disney initiated a new round of job cuts yesterday, with several hundred employees said to be impacted on a global scale.
The downsizing appears to be focused on Disney Entertainment—and primarily members from film and TV marketing, development, television publicity and casting. But the media giant has not dissolved any team as a whole.
A Kidscreen source says that no kids programming executives have been let go, but Deadline is reporting that Eric Souliere (VP of casting for 20th Television), Tony Tompson (VP of content development at Hulu Originals) and a manager of drama programming at ABC Hulu are among those leaving.
Disney laid off nearly 200 employees in March from divisions including ABC News Group, Freeform and FX. And during a previous round of US job cuts in September, a spokesperson revealed that the company had been “reviewing the cost structure” of its corporate functions to better optimize its business.
Like many media companies, Disney has been reducing its workforce lately in order to navigate challenging economic headwinds and the decline of linear TV—and CEO Bob Iger outlined his goal to achieve US$5.5 billion in cost savings across all divisions when the company axed 7,000 jobs in 2023.
It’s been a good few months for the Mouse House otherwise, with its latest theatrical release Lilo & Stitch enjoying a strong run at the box office. The company’s most recent Q2 fiscal report also posted US$23.6 billion in revenue, representing a 7% jump from last year, and operating income was also up by 15% to US$4.4 billion.
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