Disney Layoffs 2024: What to Know About the Latest TV Job Cuts

Disney (NYSE:DIS) stock closed down just slightly today after the entertainment conglomerate announced job cuts. Specifically, the company’s Disney Entertainment Television division has confirmed that it will be laying off 140 people, which equates to roughly 2% of its staff. This includes staff from networks such as NatGeo and Freeform.News of the Disney layoffs didn’t impact share prices all day, although shares dipped into the red by the end of trading. Let’s dive into what investors should know about th ...