Disney’s mass layoffs—and the forthcoming Hulu consolidation—are just the latest signs of a painful industry reckoning. With WBD and Paramount also making cuts, the writing’s on the wall: less content means fewer jobs.⁠ ⁠ Studios spent years postponing the inevitable, propping up bloated operations as the streaming bubble swelled. But the economics no longer add up, and there’s no soft landing this time.⁠ ⁠ Puck's Matt Belloni takes a close look at Hollywood’s new era of austerity: smaller, leaner, and stripped of its old illusions. Link in bio for the full story.⁠ ⁠ Photo: Michael Buckner/Variety via Getty Images⁠ ⁠ #BobIger #Disney #WBD #Paramount #Entertainment