Disney Layoffs Underway: Hundreds Of Corporate Staffers Impacted

deadline.com:

EXCLUSIVE: More layoff news in what already has been a depressing week. Disney is in the middle of a new wave of cuts as part of a “cost-saving initiative,” sources tell Deadline.

We hear about 300 or so people are affected by the layoffs that started yesterday and are continuing today and tomorrow, with a possibility to stretch beyond that.

The positions — all based in the U.S. — are across Disney’s corporate operations, including legal, HR, finance and communications, we hear.

Among the divisions that are not impacted in this round are Parks, ESPN as well as Disney Entertainment. “We continually evaluate ways to invest in our businesses and more effectively manage our resources and costs to fuel the state-of-the-art creativity and innovation that consumers value and expect from Disney,” a Disney spokesperson said in a statement to Deadline. “As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently.” Today’s cuts follow the July 31 round of layoffs at Disney Entertainment Television when about 140 people were let go, representing about 2% of the total DET workforce, and Disney animation studio Pixar reducing staff by 14% in May.