CORPORATE GOVERNANCE

Disney Lays Off Several Hundred Corporate-Level Employees

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By Todd Spangler

Disney has axed about 300 employees across multiple corporate departments, as the Mouse House continues to look at “ongoing” ways to trim costs.

“We continually evaluate ways to invest in our businesses and more effectively manage our resources and costs to fuel the state-of-the-art creativity and innovation that consumers value and expect from Disney,” a company rep said in a statement to Variety. “As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently.”

The round of Disney layoffs affected human resources, legal, finance and other departments in the US The latest cuts come after Disney in July let go about 140 employees in its television division, representing about 3 per cent of its workforce. In May, Pixar laid off 175 workers, approximately 14 per cent of its headcount.

https://variety.com

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