All articles tagged with #content cuts
The article discusses the recent layoffs and consolidation in the entertainment industry, particularly at Disney, WBD, and Paramount, driven by reduced content production and the need to cut costs, reflecting a challenging environment for studios.
Disney's international teams are preparing for layoffs and content cuts, with plans currently being finalized. The company has around 5,000 staff outside the U.S., with 40% based in London and others stationed across Europe and Asia. The second round of layoffs is expected to be "the big one" and a "bloodbath." The Disney+ content team is likely to face cuts, but areas such as marketing and legal are also under threat. The international layoffs may be part of the 7,000 or additional.