Disney job cuts in TV division
Disney is planning job cuts in its TV division as part of cost-cutting measures due to struggles in various areas of its business, including declining linear TV viewership, underperforming theme parks, and losses from its Disney+ streaming service. Approximately 140 jobs will be eliminated at Disney Entertainment Television, with ABC stations, NatGeo, and Freeform being most affected. The cuts are part of a broader effort to reduce annual expenses by $7.5 billion.