Hundreds of employees are being laid off from The Walt Disney Company this week, according to Deadline.

Approximately 300 people are included in the ongoing wave of layoffs this week, all in domestic corporate positions. Disney Entertainment Television, which had its own round of layoffs this summer, is not affected, nor is the Parks and Experiences division.

Disney gave Deadline the following statement:

“We continually evaluate ways to invest in our businesses and more effectively manage our resources and costs to fuel the state-of-the-art creativity and innovation that consumers value and expect from Disney. As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently.”

The news of these layoffs comes after Pixar laid off 14% of its staff and 150 Cast Members were laid off from the Disney Store this year. In 2023, The Walt Disney Company issued layoffs for approximately 7,000 Cast Members as part of a cost-cutting initiative.

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