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00:02Walt Disney is laying off a few hundred employees across its Human Resources and Technology
00:06departments, according to Reuters.
00:08The cuts come after Josh DeMauro took over as CEO in March, and several C-suite changes
00:13followed.
00:13DeMauro took over Disney as it faced AI-driven changes, weaker box office revenue, and growing
00:19competition from streaming rivals.
00:20Disney employed about 231,000 people at the end of fiscal 2025, including 172,000 in the
00:28U.S.
00:28The company eliminated about 1,000 positions in April across marketing, studio, and television
00:34operations, ESPN, products and technology, and other corporate functions.
00:38Disney also cut several hundred jobs last year across film and TV marketing, publicity, casting,
00:44and development.
00:45The company cut 7,000 jobs in 2023 as part of a $5.5 billion cost-saving effort.
00:51For all things money, visit Benzinga.com.
