As Cord Cutting Grows Disney Starts Laying Off More Staff




For years now cord cutting has slowly chipped away at the subscriber numbers for traditional pay-TV outlets. This seems to finally be having an effect as earlier ESPN cut some staff. Now we are learning that Disney plans to cut as many as 200 more staff this year.

The layoffs will impact all of the division’s teams: ABC Entertainment, ABC Studios, Disney Channel, Disney XD, Disney Junior and Freeform.

Disney overall has seen their shares go down by 7% year to date as the Dow Jones Industrial Average is up nearly 16% of the same time and the S&P 500 is up 14%. Many are pointing to growing concerns over cord cutting as the reason why Disney is struggling right now.

To fight back Disney has announced plans to launch an ESPN streaming service in 2018. They also will launch a movie streaming service in 2019 with Marvel, Star Wars, and Disney movies.

Earlier this month Disneys Chairman and CEO Roger Iger opened up about their future plans for Disney and streaming.

“At some point, we felt it would be necessary for us to not only be disrupted, but to disrupt our business ourselves,” Iger said. “We felt that we were no longer seeing a speed bump of disruption … What we were seeing instead was real, profound and permanent change.”

For now though it looks like Disney plans to use cuts to help them stay ahead of the disruption as they plan their own disruptive services.

Source: MarketWatch

Please follow us on Facebook and Twitter for more news, tips, and reviews.

Need cord cutting tech support? Join our new Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.