Search Result for 'layoffs'

Major League Soccer reported a 23% year-over-year increase in global average viewership for its Cup Playoffs, hitting 711,000 viewers across Apple TV and linear platforms. This spike likely stems from Apple’s move to drop the Season Pass requirement for playoff…

Crunchyroll is undergoing a global restructuring that includes layoffs, new engineering hubs, and a strategic focus on high-growth markets like India, Brazil, and Mexico. While not driven by financial strain, the changes are part of a long-term growth strategy to…

Warner Music Group is cutting approximately $300 million in costs, including $170 million via layoffs, as part of a restructuring plan aimed at "future-proofing" the company and boosting investment in music. CEO Robert Kyncl emphasized a renewed focus on A&R…

Disney is executing another round of layoffs, this time impacting under 2% of its product and technology division, led by Adam Smith. The cuts are part of a strategic effort to rebalance workforce investments, even as the division continues hiring…

Paramount laid off 3.5% of its U.S. workforce, continuing a pattern of cuts tied to declining linear TV revenues and an uncertain pivot to streaming. The move follows over 2,000 job eliminations tied to a $500 million cost-cutting effort, and…

Disney has laid off several hundred employees as part of ongoing efforts to "enhance efficiency," targeting mid-level roles across marketing, development, and finance. These cuts are not just cost-saving but reflect deeper structural changes driven by the collapsing cable model,…

Disney has cut 200 jobs across ABC News and its entertainment networks, shutting down FiveThirtyEight and consolidating teams. A+E Networks is rebranding as A+E Global Media, ditching its cable-era baggage to go all-in on streaming, FAST, and digital content. While…

Allen Media Group, owner of The Weather Channel and several network affiliate stations, has enacted another round of layoffs, affecting its weather, news, and sports teams, as well as its AVOD service HBCU Go, Entertainment Studios, and ad sales divisions.…

Disney has laid off 300 U.S. employees in corporate roles as part of cost-cutting efforts, with Parks, ESPN, and Disney Entertainment Television unaffected. This follows similar layoffs across the media industry, including Paramount and Fox, as companies respond to a…

Paramount+ has laid off staff as part of Paramount Global’s 15% workforce reduction, impacting marketing and communications teams, including senior executives with over 30 years of combined experience. These layoffs, part of a broader cost-saving initiative aimed at cutting $500…