According to Deadline, Disney is undergoing another round of cuts as part of a “cost-saving initiative.” Approximately 300 cast members are affected by the layoffs that began earlier this week, which are expected to continue today and tomorrow and possibly extend beyond that. Deadline says the cuts “are across Disney’s corporate operations, including legal, HR, finance, and communications.”
We continually evaluate ways to invest in our businesses and more effectively manage our resources and costs to fuel the state-of-the-art creativity and innovation that consumers value and expect from Disney. As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently.
Disney spokesperson in a statement to Deadline
This week’s cuts follow the July 31 layoffs at Disney Entertainment Television, which saw about 140 employees, or 2% of the DET workforce, affected. In May, Pixar also reduced its staff by 14%.
Source: Deadline
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