Disney is reportedly cutting 300 jobs across the company this week, the latest in a broader cost-cutting effort by CEO Bob Iger.
The job cuts, which began Wednesday, are expected to continue Thursday and possibly Friday. Deadline Report Entertainment news media said the incident could affect the Mouse House's standing in the United States and have an impact on its corporate operations.
Affected departments include human resources, legal, finance and communications.
Deadline reported that the cuts did not affect the parks department, ESPN or Disney Entertainment.
The Burbank, California-based company implemented the job cuts on July 31.
At the time, about 140 people were laid off from Disney's entertainment television division, representing 2% of the division's workforce.
Disney's animation studio, Pixar, cut its workforce by 14% in May, eliminating about 200 jobs.
Disney has been cutting costs since Bob Iger returned as CEO in late 2022.
Disney implemented a large first wave of cuts in multiple waves in 2023, cutting about 7,000 jobs, about 3.2% of the company's total global workforce.
“We are continually evaluating how to invest in our business and how to more effectively manage resources and costs to drive the cutting-edge creativity and innovation that consumers value and expect from Disney,” a Disney spokesperson said in a statement to Deadline.
“As part of our ongoing optimisation efforts, we reviewed the cost structure of our enterprise-level functions and determined there were ways we could operate more efficiently,” the person added.
Disney did not immediately respond to a request for further comment.
The cuts are part of a tightening agenda for the media industry, which has been squeezed by a sluggish advertising market and accelerating cable TV cancellations.
Paramount Global earlier this week implemented the second phase of plans to cut 2,000 jobs, or 15 percent of its workforce, ahead of its merger with Skydance Media, which is scheduled to close next year.
