Behind the Magic: Job Cuts at Disney in 2025

Disney has announced another round of global layoffs affecting several hundred employees across its film, television, and corporate finance divisions, even as the company reports a strong financial quarter.

The entertainment giant said the cuts are part of ongoing cost-saving efforts as it adapts to the shift from cable TV to streaming platforms. This follows a broader restructuring in 2023, when Disney laid off 7,000 employees to save $5.5 billion.

The new layoffs will hit departments including marketing, casting, and development, with Disney emphasizing that no teams will be shut down entirely. The company, which employs over 230,000 people globally, has recently seen success with its Disney+ platform and box office hits like Lilo & Stitch, which grossed over $610 million worldwide.

Despite the job cuts, Disney’s Q1 2025 earnings surpassed expectations, with total revenue reaching $23.6 billion, a 7% increase year-on-year. Shares are up 21% since the earnings release.