Disney laying off several hundred in film, TV, finance

Disney and other companies are reshaping their business strategies in response to the migration of cable TV audiences to streaming platforms. 

In 2023, Disney cut 7000 jobs as part of an effort to save $US5.5 billion ($A8.5 billion) in costs.

Disney also laid off nearly 6 per cent, or fewer than 200 people, in the ABC News Group and Disney Entertainment Networks in March.

The company's most recent earnings report in May exceeded Wall Street expectations with an unexpected boost from the Disney+ streaming service and strong results from theme parks.