Disney is cutting 300 jobs this week as CEO Bob Iger continues to tighten his belt

Disney is reportedly cutting 300 corporate jobs this week — the latest round in a broad cost-cutting initiative by Chief Executive Bob Iger.

The job cuts — which began Wednesday and will continue Thursday and possibly Friday, according to a Deadline report — affect positions in the U.S. and affect Mouse House’s corporate operations, according to the entertainment news outlet.

Affected departments include human resources, legal, finance and communications.

Deadline said the parks division, ESPN and Disney Entertainment were not hit with cuts this round.

The Burbank, California-based company was last hit with layoffs on July 31.

At the time, about 140 people were let go in Disney’s entertainment television unit, which represented 2% of the division’s workforce.

In May, animation studio Disney Pixar cut its staff by 14%, eliminating about 200 jobs.

Disney has been cutting costs since Bob Iger returned as CEO in late 2022.

Disney’s first big wave in 2023 cut roughly 7,000 jobs in several rounds, which represented about 3.2% of the company’s total global workforce.

“We are constantly evaluating ways to invest in our businesses and more effectively manage our resources and costs to fuel the cutting-edge creativity and innovation that consumers value and expect from Disney,” a Disney spokesperson said in a statement to Deadline.

“As part of this ongoing optimization work, we have reviewed the cost structure for our corporate-level functions and determined that there are ways for them to operate more efficiently,” the representative added.

Disney did not immediately respond to requests seeking further comment.

The cuts come amid belt-tightening in the media industry, which has been squeezed by a weak advertising market and accelerating cord-cutting.

Earlier this week, Paramount Global approved the second phase of its plan to cut 2,000 jobs or 15% of its workforce ahead of its planned merger with Skydance Media, which is expected to be finalized next year.