Disney makes a devastating layoff announcement | Official Website of Louis Velazquez, entrepreneur, finance guy and tech innovator

We’ve watched businesses both great and small shudder under the weight of some unpredictable headwinds in the last five years.

In 2020, that was from the traumatic impact of Covid bringing countless face-to-face businesses to a halt. From retail to restaurants to everything in-between, people were unable to operate for fear of catching an unfamiliar virus that could potentially end their lives.

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By the time vaccines got the pandemic under control, while many businesses were forced to shutter, there were still many more than had found a way to survive. This sent a hopeful message: even in the worst of times, success is still possible.

Many are remembering that message now as we navigate a new crisis: President Trump’s tariffs and the devastating effect they are having on many of those same businesses that survived Covid.

Since they were announced on April 2, some of the country’s biggest retailers, including Target, Walmart, and Best Buy, have all warned their consumers that prices would be going up as a result.

Naturally, people worried about money are not going to feel great about spending on entertainment in the current climate, leading many companies to cut their forecasts for the year and cite the uncertainty of what they face.

Now, another huge company has announced that its making layoffs that will affect hundreds of employees.

Disney’s seeing explosions of a very different kind today.

Image source&colon; Getty Images

Disney has yet another round of layoffs

A round of mass layoffs is in the works today at Walt Disney (DIS) , according to an exclusive report from Deadline.The majority of the layoffs will affect Disney Entertainment’s divisions and include marketing for film and TV, television publicity, casting, and development.

Disney’s corporate financial operations will also be affected, although Deadline’s sources did not specify exactly how.

“No teams are being eliminated. The majority of the Disney Entertainment Television staffers are said to be based in Los Angeles,” the report reads.

Disney says the cuts will enhance its ability to operate more efficiently.

Disney layoffs this year so far

This round of layoffs is Disney’s fourth and largest in the last year, and part of a cost-cutting process originally established by CEO Bob Iger in the beginning of 2023. Iger resolved to meet a goal of cutting Disney’s costs by $7.5 billion.

The last round of layoffs came in March, which affected just under 200 employees, the majority being at ABC News. That cut also included the end of 538, its data analytics site.

The prior round happened in July 2024 and heavily impacted National Geographic employees, with about 140 people affected in total and 60 of them from National Geographic.

In May 2024, Pixar also made cuts to roughly 14% of its staff as a part of Iger’s cost-cutting measures and focusing on a strategy of moving away from Disney+ series and towards feature films. Pixar employees were informed in January, giving them time to prepare.

These cuts come at an interesting time for Disney as it just had a massive victory at the box office with the release of the live-action “Lilo & Stitch,” which is on pace for more than $95 million in ticket sales and is already the second highest grossing movie of the year.