Disney layoffs 2025: Several hundred in film, TV, finance face job cuts in latest cost-cutting round

The Walt Disney Company (Disney), a major player in movies, entertainment, and media, is reportedly laying off hundreds of workers from its film, television (TV), and corporate finance sectors, according to a source cited by Reuters on June 2. The source mentioned that the layoffs will affect teams worldwide and will involve film and TV marketing, TV publicity, and departments for casting and development.

As per a different report, sources indicated that the layoffs feature uniform reductions across the film and TV divisions of the company, with most impacted Disney Entertainment Television employees located in Los Angeles.

The report mentioned that this is the fourth and biggest wave of job cuts in the last 10 months. It has influenced multiple Disney television operations, with lower-level development executives, such as a drama programming manager at ABC Hulu, also being affected. In March 2025, the parent company Disney dismissed almost 6 percent (or around 200) employees from their ABC News Group and Disney Entertainment Networks divisions.

In October 2024, the Walt Disney Company initiated a restructuring that led to the closure of ABC Signature, merging its functions into 20th Television and consolidating the scripted drama and comedy teams of ABC and Hulu Originals, according to Deadline. The choice eliminated 20 positions in Disney Entertainment Television.

Earlier, in 2023, Disney eliminated 7,000 jobs in an effort to reduce expenses by approximately 5.5 billion, as reported by Reuters. This was the same year that CEO Bob Iger announced his intention to reduce costs and set an objective of cutting $7.5 billion.

The staff trims come amid migration of cable TV audiences to streaming platforms, and as Disney and other media companies “reshape” their business and adopt strategies to respond to the changes, the report added.

The company’s most recent earnings report in May 2025 exceeded Wall Street expectations with an unexpected boost from the Disney+ streaming service and strong results from Disney theme parks.

Disney shares, which have risen 21 per cent since the earnings report, were down 0.3 per cent at $112.62 on June 2 (Monday) afternoon.