“Disney Cuts More Jobs as Company Struggles”

“…Disney has been struggling recently, which has included several Disney titles that were deemed box office flops in 2023—including Pixar’s Elemental—declining linear TV viewership and an uneven transition into a streaming future.

The entertainment behemoth has been hemorrhaging money through its Disney+ streaming service but managed to curb losses by raising subscription costs. However, its theme parks have also been underperforming, with experts citing price hikes and increased competition as reasons for the decline in visitors post-pandemic.

Now Disney is aiming to reduce costs by eliminating approximately 140 jobs—or about 2 percent of staff—at Disney Entertainment Television, per Bloomberg UK…”

https://www.newsweek.com/disney-shrinking-job-cuts-bob-iger-1933247