Disney is laying off several hundred employees worldwide to cut costs as more consumers shift from traditional cable to streaming.

The job cuts focus on marketing for film and TV, TV publicity, casting and development, and corporate finance.

The company emphasized it is taking a targeted approach to limit the impact, with no entire teams being eliminated.

The mass departure of pay-TV subscribers has led to widespread job losses across nearly all traditional media businesses.

In response, companies like Disney are shifting their focus and investing billions in streaming services, building out direct-to-consumer platforms as audiences move away from pay-TV.

In its latest earnings report, Disney revealed a 13% year-over-year decline in linear network revenue, while direct-to-consumer revenue grew by 8%, highlighting the company’s rapid transition to digital distribution.

Since 2023, Disney has cut over 8,000 jobs to reduce $7.5 billion in annual expenses.

Earlier this year, nearly 200 positions were eliminated in its news and entertainment division, mostly affecting ABC News. This included consolidating production teams for “20/20,” “Nightline,” and the branded programming of “Good Morning America,” as well as shutting down FiveThirtyEight, its political and data journalism site.

These latest cuts follow strong second-quarter results and Disney’s announcement of a new theme park and resort in Abu Dhabi—its first major expansion in the Middle East and seventh global resort.