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Disney Lays Off Hundreds in Film and TV Businesses as Industry Woes Linger
June 04, 2025
|The Straits Times
Walt Disney is laying off several hundred employees across its film and TV businesses, cuts that underscore that the entertainment industry’s contraction is far from over.
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LOS ANGELES —
The staff reductions began on June 2 and are falling on employees in marketing, publicity, casting and development, along with corporate financial operations.
Hollywood has been in cost-cutting mode for several years, with production and employment in a downward spiral. Studios have reduced the number of films they release to boost profitability, particularly with cinema attendance still below pre-pandemic levels.
هذه القصة من طبعة June 04, 2025 من The Straits Times.
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