{"id":2317604,"date":"2024-08-01T14:54:01","date_gmt":"2024-08-01T18:54:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-hit-with-layoffs-as-ceo-seeks-to-change-strategy\/"},"modified":"2024-08-01T14:59:59","modified_gmt":"2024-08-01T18:59:59","slug":"disney-hit-with-layoffs-as-ceo-seeks-to-change-strategy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-hit-with-layoffs-as-ceo-seeks-to-change-strategy\/","title":{"rendered":"Disney Hit with Layoffs as CEO Seeks to Change Strategy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-hit-with-layoffs-as-ceo-seeks-to-change-strategy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2317604&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>On Wednesday, Disney announced layoffs affecting\u200b approximately 140 employees from \u200dits Disney Entertainment Television division, representing about 2% \u2064of the workforce. The \u200bmajority of cuts included positions at National\u200b Geographic, which saw the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/poll-85-of-americans-underestimate-the-number-of-illegal-border-crossings-under-biden\/\" title=\"Poll: 85% Of Americans Underestimate The Number Of Illegal Border Crossings Under Biden\">largest reduction<\/a> with \u200c60 staff members\u200c losing their jobs. Other impacted areas comprise local TV stations, Freeform, and \u2063marketing teams.<\/p>\n<p>The \u2062layoffs are part\u2063 of a broader\u200d cost-cutting\u2062 strategy as Disney tries to manage its\u2064 spending, especially\u200b after \u2062significant\u2063 investments in streaming content. CEO Bob Iger has indicated a shift away\u200c from traditional \u200bpay-TV programming,\u200b a\u200c change driven by \u200bthe company&#8217;s $7.5 billion cost-reduction plan.<\/p>\n<p>Following \u200dprevious \u2064layoffs at Pixar and other units, Disney\u2019s workforce has already\u200b seen considerable reductions, totaling 220,000 globally over the past year. \u2063The latest \u2064cuts largely concentrate in the Los Angeles area, with additional reductions in New York City and\u200b Washington D.C.<\/p>\n<p>Meanwhile, ABC News is facing potential changes as part of\u200d Disney&#8217;s ongoing budget slashing, particularly for &#8220;Good Morning America,&#8221; which may need to cut $19 million from its \u200cbudget \u200dby the end of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-cancer-charity-gave-zero-for-research-millions-spent-on-salaries-travel\/\" title=\"Biden Cancer Charity Gave \u2018Zero\u2019 For Research; Millions Spent On Salaries, Travel\">fiscal year<\/a>.\u200b Reports suggest the reductions will mainly\u200c affect behind-the-scenes staff rather than \u200don-air talent.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section>\n<p>Disney wielded the axe on Wednesday, laying off about 140 employees in Disney Entertainment Television.<\/p>\n<p>The cuts amount to about 2 percent of the unit&rsquo;s workers, according to <a href=\"https:\/\/variety.com\/2024\/tv\/news\/disney-layoffs-television-1236091773\/\" target=\"_blank\" rel=\"noopener\">Variety<\/a>.<\/p>\n<p>National Geographic, locally owned television stations, Freeform, and network teams focused on marketing and publicity took the brunt of the cuts.<\/p>\n<p>National Geographic, acquired by <a href=\"https:\/\/www.westernjournal.com\/watch-disney-exec-admits-company-openly-discriminates-white-males-spoken-agreement\/\" target=\"_blank\" rel=\"noopener\">Disney<\/a> in 2019, played off 60 employees &mdash; the highest cut.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Maybe it&rsquo;s not that plain and simple, but after agreeing to spend millions on two more Avengers movies, it&rsquo;s disappointing Disney isn&rsquo;t supporting those making programming about our actual planet.<a href=\"https:\/\/t.co\/s5BulsCK87\">https:\/\/t.co\/s5BulsCK87<\/a><\/p>\n<p>&mdash; The A.V. Club (@TheAVClub) <a href=\"https:\/\/twitter.com\/TheAVClub\/status\/1818757247344033819?\">July 31, 2024<\/a><\/p>\n<\/blockquote>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Disney&nbsp;CEO&nbsp;Bob Iger has said that Disney plans to <a href=\"https:\/\/www.westernjournal.com\/iconic-disney-director-speaks-need-put-entertainment-social-messaging\/\" target=\"_blank\" rel=\"noopener\">cut<\/a> its pay-TV content, particularly content &ldquo;aimed at those traditional network[s],&rdquo; after putting &ldquo;too much&rdquo; into streaming content.<\/p>\n<p>As part of a $7.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-says-biden-is-calling-on-cabinet-departments-agencies-to-find-ways-to-stop-evictions\/\" title=\"White House Says Biden Is Calling On Cabinet Departments, Agencies To Find Ways To Stop Evictions\">5 billion plan<\/a> to cut costs, Pixar Animation lost 175 workers in May. Last year, Disney cut about 220,<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tyson-foods-latest-large-business-to-flee-chicago-amid-crime-wave\/\" title=\"Tyson Foods Latest Large Business to Flee Chicago Amid Crime Wave\">000 workers worldwide<\/a>.<\/p>\n<p>The cuts will fall mostly in the Los Angeles region, with some cuts in New York City and Washington, D.C., according to <a href=\"https:\/\/deadline.com\/2024\/07\/disney-entertainment-television-layoffs-national-geographic-1236026106\/\" target=\"_blank\" rel=\"noopener\">Deadline<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&ldquo;Disney was hit with layoffs&rdquo;?<\/p>\n<p>Who hit them?<\/p>\n<p>&mdash; GESSopines &#127477;&#127462;&#127482;&#127474; (@GESSopines) <a href=\"https:\/\/twitter.com\/GESSopines\/status\/1818781216214335683?\">July 31, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A report in the <a href=\"https:\/\/nypost.com\/2024\/07\/31\/media\/abc-news-gma-staffers-brace-for-layoffs-as-disney-cuts-costs-sources\/\" target=\"_blank\" rel=\"noopener\">New York Post<\/a> said Disney is not done yet.<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/abc-news-president-suddenly-quits-amid-internal-backlash-trump-celebrates\/\" target=\"_blank\" rel=\"noopener\">ABC<\/a> is expected to face cuts, including major changes at &ldquo;Good Morning America,&rdquo; the Post wrote, citing sources it did not name.<\/p>\n<p>The Post report said &ldquo;Good Morning America&rdquo; has to achieve $19 million in cuts by the time Disney&rsquo;s fiscal year ends on Sept. 30.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">ABC News, &lsquo;GMA&rsquo; staffers brace for layoffs as Disney demands budget slashes: sources <a href=\"https:\/\/t.co\/e6rFWGkp5d\">https:\/\/t.co\/e6rFWGkp5d<\/a> <a href=\"https:\/\/t.co\/ZYX4pKFUcG\">pic.twitter.com\/ZYX4pKFUcG<\/a><\/p>\n<p>&mdash; New York Post (@nypost) <a href=\"https:\/\/twitter.com\/nypost\/status\/1818723077850607664?\">July 31, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>  Sources told the Post that cuts will not fall on the on-camera hosts, but instead on staffers.<\/p>\n<p>&ldquo;&lsquo;GMA&rsquo; is not doing quality stuff,&rdquo; the Post quoted what it said was a former ABC News executive as saying.<\/p>\n<p>&ldquo;There&rsquo;s not a lot of taped pieces. It&rsquo;s more live hits, and there&rsquo;s a lot of [segments] selling stuff in studio,&rdquo; the source said.<\/p>\n<p>ABC News is likely to freeze hiring and leave open positions vacant, a source told the Post.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, Disney announced layoffs affecting approximately 140 employees within Disney Entertainment Television, representing around 2 percent of the workforce in that division, as reported by Variety. The majority of the job losses were seen in National Geographic, local TV stations, Freeform, and marketing and publicity teams. National Geographic experienced the largest reduction with 60 employees let go after being acquired by Disney in 2019. Despite investing millions into two new Avengers films, some critics express disappointment that Disney is not prioritizing programming related to environmental issues.<\/p>\n<p>Disney CEO Bob Iger has indicated plans to reduce pay-TV content aimed at traditional networks after investing heavily in streaming services. This move is part of a broader $7.5 billion cost-cutting initiative; earlier this year, Pixar Animation also laid off 175 staff members. Last year alone saw about 220,000 job cuts globally across Disney.<\/p>\n<p>Most layoffs are expected to occur in the Los Angeles area with additional reductions anticipated in New York City and Washington D.C., according to Deadline reports. Furthermore, a New York Post article suggests that more cuts are on the horizon for ABC News and &#8220;Good Morning America,&#8221; which needs to achieve $19 million in budget reductions before the end of Disney&#8217;s fiscal year on September 30th. While it appears that on-air talent will be spared from these layoffs, behind-the-scenes staff may face significant job losses as ABC News prepares for hiring freezes and unfilled positions moving forward<\/p>\n","protected":false},"author":1,"featured_media":2317605,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/Bob-Iger.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[33371,3850,6344,7970,36903],"class_list":["post-2317604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-business-news","tag-ceo","tag-disney","tag-layoffs","tag-strategy-change"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/Bob-Iger.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2317604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2317604"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2317604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2317605"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2317604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2317604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2317604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}