The job cull continues at the House of Mouse.
Walt Disney Co (NYSE:DIS, ETR:WDP) is laying off several hundred more employees globally as part of its ongoing restructuring programme, with roles across film, television, marketing and corporate finance set to go.
The cuts follow the 2023 decision to axe 7,000 jobs under chief executive Bob Iger’s $5.5 billion cost-saving drive.
The company said no departments will close entirely and the reductions are being made selectively to minimise disruption.
The move comes as Disney continues to adapt to changing viewer habits, with audiences steadily shifting away from traditional cable television toward streaming services.
Despite the cost-cutting, the company reported a solid start to the year, with first-quarter revenue rising 7% to $23.6 billion, fuelled by growth in Disney+ subscriptions.
Box office performance has been mixed. The live-action Snow White fell short of expectations, but Lilo & Stitch broke US records over the Memorial Day weekend and has earned more than $610 million worldwide.