<\/p>\n
This marks yet another month of uncertainty for Disney employees as the entertainment giant continues reshaping its workforce.<\/p>\n
The Walt Disney Company has begun another round of layoffs, eliminating roughly 300 jobs, primarily in human resources and technology, as new CEO Josh D’Amaro continues to restructure the company. <\/p>\n
The cuts are expected to take place over several days, Deadline reported.<\/p>\n
And the workforce reductions may not stop there.<\/p>\n
Separately, Disney is planning a significant restructuring of its television operations that could result in hundreds of additional layoffs and the consolidation of divisions.<\/p>\n
Also read: Microsoft cuts hundreds more jobs as restructuring deepens.<\/p>\n
The Wall Street Journal first reported the TV overhaul, citing people familiar with the matter.<\/p>\n
Senior executives are still working out the details of that plan, which may not be finalized until the end of the year.<\/p>\n
The two developments are separate, but together they put hundreds more Disney jobs at risk or as already in the process of being eliminated.<\/p>\n
Disney television business faces another overhaul<\/p>\n
Disney Entertainment Television Chairman Debra O’Connell is leading the planned restructuring, according to The Wall Street Journal.<\/p>\n
The changes are intended to organize Disney’s television operations more around its streaming customers than around individual brands developed during the traditional linear-TV era.<\/p>\n
More Layoffs:<\/p>\n
Oracle layoffs top 2,500 workers as AI spending surges<\/p>\n
Uber CEO makes shocking admission about layoffs<\/p>\n
Soda giant makes another warehouse change, cuts 105 jobs<\/p>\n
Executives overseeing ABC Entertainment, 20th Television, Hulu Originals, and Freeform are among those expected to be affected by the changes, according to the report<\/p>\n
The restructuring comes as Disney increasingly puts streaming at the center of its entertainment strategy.<\/p>\n
At the company’s latest earnings call in August, D’Amaro said that during his first five months as CEO, he had been focused on making Disney “execute as one company around a unified strategy.”<\/p>\n
He described the company’s “One Disney” operating model as a way to connect its businesses more closely and capture more value across its portfolio.<\/p>\n
Disney is also moving Disney+ toward what D’Amaro called the “digital centerpiece” of its relationship with customers and has been working to integrate Hulu more deeply into the platform.<\/p>\n
But that strategy is unfolding as the economics of traditional television come under increasing pressure.<\/p>\n
Cord-cutting continues to reduce the cable and broadcast businesses that historically generated substantial profits for media companies.<\/p>\n
And if the data is any indication, I’m hardly alone in changing how I watch television.<\/p>\n
About 83% of U.S. adults now watch streaming services, compared with just 36% who subscribe to cable or satellite television at home, according to Pew Research Center. <\/p>\n
Moreso, 55% stream without also subscribing to cable or satellite. <\/p>\n
Disney is hardly the only traditional television company confronting that shift.<\/p>\n
Broadcasters and station owners have also pursued consolidation and restructuring as the industry adjusts to changing viewing habits, a trend I have previously covered through developments involving Tegna and E.W. Scripps.<\/p>\n
Disney cuts more jobs in the third round of layoffs this year.<\/p>\n
Gary Hershorn \/ Getty Images<\/p>\n
Disney signals more cost reductions are coming<\/p>\n
Disney management had already indicated that reducing expenses, including labor costs, remained part of its strategy.<\/p>\n
During the August earnings call, CFO Hugh Johnston said the company was focused on improving productivity and efficiency to redirect resources toward growth.<\/p>\n
More significantly for employees, Johnston said that work was ongoing as Disney looked at “meaningful reductions to cost, including labor and SG&A.”<\/p>\n
D’Amaro similarly said Disney wants to operate in a more integrated way, with greater speed, discipline, and efficiency.<\/p>\n
He argues that working more cost-effectively would free up capital for investment in content, technology, and new guest experiences.<\/p>\n
On a recent visit to Disneyland in California, though, I was reminded that maintaining the existing guest experience matters too.<\/p>\n
I found myself stuck aboard Mickey & Minnie’s Runaway Railway and later waiting through technical issues affecting The Little Mermaid attraction.<\/p>\n
For visitors paying Disney’s increasingly premium prices, investment in its parks is not only about what comes next, but also about keeping what is already there running smoothly.<\/p>\n
Disney layoffs have spread across the company<\/p>\n
The roughly 300 latest cuts continue a series of workforce reductions since D’Amaro became CEO in March.<\/p>\n
Disney has eliminated more than 1,500 jobs across three rounds of layoffs, including about 1,000 jobs in April, several hundred more in July, and roughly 300 in the latest round.<\/p>\n
Hundreds more jobs could be at risk as Disney separately works on a restructuring of its television business.<\/p>\n
In April, Disney eliminated roughly positions across areas including marketing, studios, television, ESPN, products, technology, and corporate functions.<\/p>\n
Disney followed those cuts with another round in July that affected several hundred employees across Pixar, ESPN, Disney Entertainment Television, National Geographic, and other parts of the company.<\/p>\n
These reductions also come as Disney works to bring Hulu and Disney+ closer together and reorganize around a more unified digital entertainment business.<\/p>\n
Related: 43-year-old beloved Home Depot rival hardware chain store closes<\/p>\n
#Disney #cuts #jobs #major #overhaul #puts #hundreds #risk<\/p>\n","protected":false},"excerpt":{"rendered":"
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