Hulu SVP Mark Levenstein Among Those Affected by Disney General Entertainment Layoffs

Disney has joined the string of companies drastically impacted by the pandemic to lay off some of its employees across its various subsidiary firms. This time, Disney General Entertainment division was the affected unit, with between 80 and 100 employees losing their jobs. One of the high-ranking individuals to lose their job is the Senior Vice President of Content Marketing at Hulu, Mark Levenstein.

Mark Levenstein exiting Hulu

Mark Levenstein has long served at Hulu, joining the company in 2016, where he became the Vice President of Brand and Content Marketing. Earlier this year, he was promoted to Senior Vice President of Content Marketing, a position he has held until his recent layoff. Levenstein is not new to the industry, having also worked at CBS Interactive as a Senior Director of Marketing.

Disney General Entertainment layoffs

The Disney company has experienced a series of layoffs since the pandemic hit earlier this year, with the scale of the layoffs increasing as the months go by. The company had to let go of 28,000 park employees at Walt Disney World Resort and Disneyland last month due to the massive revenue loss resulting from the pandemic. Since then, the company has also let go of several employees at ESPN and other affiliated media conglomerates.

Impact on the industry

Disney’s recent streamlining and restructuring efforts have been felt significantly throughout the industry, especially among its subsidiary firms. The decision to downsize Hulu comes only months after Disney announced it would be consolidating its streaming businesses under the Disney+ streaming platform, leading to speculation over possible redundancies in other subsidiaries such as Hulu.

Conclusion

The entertainment industry has been heavily impacted by the pandemic, with Disney being the latest dominant player showing signs of disruption. The recent layoffs at Disney General Entertainment are a sign of the company’s cost-cutting measures to survive the economic downturn, while also raising questions about the possible consolidation of its various businesses, including Hulu. It remains to be seen what the future holds for Hulu, especially now that one of its top executives has been affected by the recent layoffs.

#DisneyLayoffs #Hulu #EntertainmentIndustry #PandemicImpact #DisneyGeneralEntertainment

Summary: Senior Vice President of Content Marketing at Hulu, Mark Levenstein, is among the Disney employees to lose his job in a recent round of layoffs affecting the Disney General Entertainment division. The layoffs come as Disney experiences massive revenue loss resulting from the pandemic, leading to a series of downsizings across various upstream and downstream firms affiliated with the media conglomerate. #NEWS