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This week marked Disney's third round of layoffs in recent months, with approximately 2,500 jobs cut across various divisions. Initially, reports suggested layoffs would be around 700-800, but the number has ballooned as the company's financial situation worsens. While Disney Parks and Resorts remain largely unaffected, layoffs have primarily hit the television and streaming divisions, indicating a strategic retraction from certain business areas.
CEO Bob Iger confirmed in late March that this wave of layoffs would be the final major reduction, though smaller cuts could still occur. These measures are part of an overarching effort to save about $6 billion in operating costs—a desperate attempt to stabilize the company's declining finances.