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Disney Planning Fresh Round of Job Cuts in TV Division

140 Employees to Be Laid Off

Walt Disney Co. (DIS) is planning to lay off 140 employees in its TV division as part of a cost-cutting effort. The company is facing declining revenues and rising costs, and it needs to reduce its expenses in order to maintain profitability.

The job cuts will impact a variety of positions, including producers, directors, and writers. The company is also planning to eliminate some of its less popular TV shows.

The job cuts are part of a larger cost-cutting initiative that Disney has been undertaking in recent months. The company has already laid off thousands of employees in its theme parks and other divisions.

The job cuts are likely to have a negative impact on Disney's TV business. The company is already facing stiff competition from other streaming services, and the job cuts will only make it more difficult for Disney to compete.