Disney is cutting several hundred jobs worldwide in its latest cost-saving push: Report

Disney is reportedly laying off several hundred employees globally as part of its ongoing cost-cutting effort. The affected roles span film and TV marketing, publicity, casting, development, and corporate finance. While individual staffers were notified Monday, no full teams are being eliminated, according to a source familiar with the matter.

The cut follows a round of layoffs in March that eliminated nearly 200 jobs at ABC News and Disney Entertainment Networks, about 6% of that division’s workforce. It’s part of a broader plan first unveiled by CEO Bob Iger in 2023 to slash 7,000 jobs and streamline operations. Disney currently employs about 233,000 people worldwide, with 171,000 US-based workers.

Disney shares were flat on the news and up about 2% year to date.

Disney Lays Off Several Hundred Employees in Cost-Cutting Measure

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GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

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