Location: Burbank, California, USA.
Department affected: Physical Media Division.
Based on news reporting.
The Walt Disney Company has laid off approximately 700 employees from its Physical Media Division as part of a broader restructuring effort. The layoffs, which took effect on October 1, 2023, are aimed at streamlining operations and adapting to changing consumer preferences in the media landscape. This decision reflects Disney's ongoing challenges in the physical media market, where sales have been declining. The company has indicated that these cuts are necessary to focus on digital distribution and other strategic priorities. The layoffs primarily affected staff at Disney's headquarters in Burbank, California, signaling a significant shift in the company's approach to media distribution.
The Walt Disney Company cut 700 jobs affecting its Physical Media Division team as of October 1, 2023.
That is roughly 0.4% of the 173,250 people The Walt Disney Company employs.
LayoffTalk has tracked 34 layoff events at The Walt Disney Company since September 2020, affecting a combined 45,999 employees.
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