By Thomas Buckley | Bloomberg

Walt Disney Co. is laying off several hundred employees across its film and TV businesses, cuts that underscore the tough times in Hollywood are far from over.

The staff reductions began Monday and are falling on employees in marketing, publicity, casting and development, along with corporate financial operations, according to the company.

Hollywood has been in a cost-cutting mode for years, with production and employment in a downward spiral. The Burbank-based Disney announced a retrenchment in February 2023, eliminating 7,000 jobs in a bid to cut expenses by $5.5 billion. The company later increased that target to $7.5 billion. Competitors have also laid off thousands of workers.

Disney’s latest reductions follow roughly 200 job cuts across Disney’s ABC

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