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VisitDisney Cuts 140 Jobs in TV Division, National Geographic Loses 13% of Staff
Jul 31, 2024, 06:33 PM
On July 31, Disney implemented a new round of job cuts within its television division, affecting approximately 140 employees, which represents about 2% of the Disney Entertainment Television (DET) workforce. National Geographic is the hardest hit, losing about 13% of its staff, which translates to roughly 60 employees. Other areas impacted include Freeform, local TV stations, and the marketing and publicity departments. The layoffs are part of Disney's broader strategy to reduce costs amid a challenging business environment.
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Markets
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Stock market data from financial news websites (e.g., Bloomberg, Yahoo Finance)
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Official announcements from National Geographic, major news outlets
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Official announcements from Disney, major news outlets