Disney Announces Layoffs at ABC News and Disney Entertainment Networks
SOURCENews reportView the filing ↗
What we know
Location: New York, NY, USA.
Department affected: ABC News and Disney Entertainment Networks.
Based on news reporting.
Summary
The Walt Disney Company has announced layoffs affecting 700 employees at ABC News and Disney Entertainment Networks. This decision comes as part of a broader restructuring effort aimed at streamlining operations and reducing costs amid ongoing financial challenges. The layoffs are set to take effect immediately, with impacted employees notified on October 12, 2023. Disney's leadership has indicated that these cuts are necessary to adapt to changing market conditions and to focus on core business areas. The company continues to face pressures from declining advertising revenues and increased competition in the media landscape.
LayoffTalk has tracked 31 layoff events at The Walt Disney Company since September 2020, including 125 jobs documented in official WARN filings, with 29 additional events known from news reporting.
Comments (0)
Anonymous by default. Be kind — people reading this may be going through it right now.
No comments yet. Be the first to share your thoughts.
Affected by this?
Share your story anonymously — it helps others reading this feel less alone.
Share your story →More layoffs at The Walt Disney Company
Recent tracked events at this company.
Recent layoffs in NY
Other companies with tracked events in the same state.