Disney to Lay Off Nearly 6% of Staff Across ABC News, Disney Entertainment Networks, Report Says
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The Walt Disney Co. is reportedly laying off around 200 employees, nearly 6% of its staff at ABC News Group and Disney Entertainment Networks, as part of a cost-cutting measure.
March 05, 2025 | 2:00 pm
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Disney is laying off around 200 employees, nearly 6% of its staff at ABC News Group and Disney Entertainment Networks, as part of cost-cutting measures.
The layoffs are part of cost-cutting measures, which could be seen as a positive step towards improving financial efficiency. However, the impact on stock price is uncertain as it may also raise concerns about the company's current financial health.
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