Part 2/9:
This move marks the fourth round of layoffs since mid-2024, part of a broader cost-cutting initiative that CEO Bob Iger implemented upon his return to the helm of the company in 2023. Iger's administration set an ambitious goal to cut $7.5 billion in costs, a response to the evolving media landscape and shifting consumer behaviors. Earlier this year, approximately 200 employees were laid off from ABC News, representing 6% of its workforce. As the entertainment industry reshapes amidst economic pressures and the proliferation of artificial intelligence, the question looms: what does the future hold for Disney and the industry at large?