Disney cuts hundreds of TV and film jobs during streaming expansion
Disney is making some big changes as it shifts its focus to streaming. The company recently announced the layoffs of hundreds of employees across various TV and film teams. Marketing, casting, and corporate operations are among the areas affected. The goal is to streamline operations while fueling creativity and innovation.
These job cuts are part of Disney’s ongoing efforts to operate more efficiently. While the impact is significant, the company assures that it has taken a thoughtful approach to minimize the number of affected employees. This means that entire teams are not being eliminated.
This news comes on the heels of previous layoffs within Disney’s ABC News Group and Disney Entertainment Networks earlier this year. Despite these changes, Disney is forging ahead with plans to launch a new direct-to-consumer streaming service named ESPN. As the streaming wars heat up, companies like Warner Bros. Discovery, Amazon, and Netflix are all vying for a piece of the online streaming market.
The competition has led to increased investment in original content, exclusive deals, and strategic pricing changes. With so many players in the game, platforms are seeking ways to remain profitable and attract subscribers. While an official launch date for Disney’s ESPN streaming service has not been announced, it is expected to be revealed in late summer. Stay tuned for more updates on this exciting new venture from Disney.
