Disney job cuts in TV division

SOURCE www.newsweek.com
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.

Key Points

  • Struggles with declining linear TV viewership, underperforming theme parks, and losses from Disney+
  • Approximately 140 jobs to be cut at Disney Entertainment Television
  • ABC stations, NatGeo, and Freeform to be most affected by the layoffs
  • Disney aiming to reduce $7.5 billion in annual expenses

Pros

  • Efforts to reduce costs and streamline operations
  • Focus on quality over quantity in content production

Cons

  • Loss of jobs for employees
  • Impact on various divisions within Disney, including TV and theme parks