Thu Sep 26 14:17:30 UTC 2024: ## Disney Cuts Another 300 Jobs in Cost-Saving Push
**Burbank, CA** – Disney has announced another round of layoffs, cutting approximately 300 corporate jobs this week, continuing CEO Bob Iger’s cost-cutting initiative. The latest cuts, affecting departments like human resources, legal, finance, and communications, follow similar reductions in July and May, impacting various divisions.
The company cited “ongoing optimization work” and a need to “operate more efficiently” as reasons for the layoffs. This move comes amidst industry-wide belt-tightening, with the media sector struggling with declining advertising revenue and cord cutting. Earlier this week, Paramount Global announced phase two of its job cuts, eliminating 2,000 positions.
While this round of layoffs did not affect the parks division, ESPN, or Disney Entertainment, Disney’s overall workforce has taken a significant hit in recent months. The company slashed roughly 7,000 jobs in the first wave of cuts in 2023, representing 3.2% of its global workforce.
Disney has been making significant efforts to streamline operations and cut costs since Bob Iger returned as CEO in late 2022. The company’s focus on efficiency and cost-cutting reflects the challenging economic climate facing the media industry.
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