Disney Announces Layoffs Impacting Physical Media Division
SOURCENews reportView the filing ↗
What we know
Location: Burbank, California, USA.
Department affected: Physical Media Division.
Based on news reporting.
Summary
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.
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.
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