Disney to Cut More Staff as It Gears Up for Netflix Battle. Here's Why.
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Disney plans to cut around 200 jobs across ABC News and Disney Entertainment Networks as it prepares to compete more aggressively with Netflix.
March 05, 2025 | 1:00 pm
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NEUTRAL IMPACT
Disney's job cuts in its entertainment divisions indicate a strategic move to compete more effectively with Netflix.
While Disney's job cuts are a strategic move to compete with Netflix, the direct impact on Netflix's stock is neutral in the short term. However, it highlights the competitive landscape in the streaming industry.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Disney is cutting approximately 200 jobs in its ABC News and Disney Entertainment Networks divisions to better position itself against Netflix.
The job cuts are part of Disney's strategy to streamline operations and allocate resources more effectively in its competition with Netflix. This move could improve Disney's operational efficiency and profitability, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100