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Disney plans to cut 1,000 jobs, WSJ reports
The cuts follow a January marketing consolidation and affect studios, ESPN and corporate teams as Disney seeks to reduce duplication and costs.
- On Tuesday, Disney CEO Josh D'Amaro announced the elimination of up to 1,000 positions across marketing, studios, ESPN, and corporate functions, with notifications beginning immediately.
- The layoffs follow January's consolidation of marketing operations under Chief Marketing and Brand Officer Asad Ayaz, a restructuring code-named 'Project Imagine' designed to eliminate overlapping roles and reduce costs.
- D'Amaro pursues a 'one Disney' strategy to streamline operations and foster a more agile, technologically-enabled workforce across entertainment, experiences, and sports divisions.
- Declining linear television revenue and shrinking streaming profits drive the cuts, mirroring recent workforce reductions at Sony Pictures Entertainment and CBS News across the industry.
- Disney redirects resources toward digital growth, continuing a cost-cutting trend that saw former CEO Bob Iger eliminate over 8,000 positions since 2022.
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Fox Business
The New York LedgerDisney lays off 1,000 employees across TV and film under new CEO
Disney confirmed that it would be laying off 1,000 employees across the company on Tuesday."Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney," CEO Josh D'Amaro wrote in a memo obtained by Fox News Digital.He continued, "Given the fast-moving pace of our industries, this…
Associated Press News
The Walt Disney Co. begins laying off 1,000 employees
The Walt Disney Co. has begun layoffs expected to lead to 1,000 job cuts across the company. Josh D’Amaro on Tuesday announced broader layoffs following a move in January to consolidate Disney’s marketing division.
Disney Executive Director Josh D'Amaro confirmed this Tuesday that he will make layoffs this week that will affect up to 1,000 marketing and brand employees. The announcement has done so through a memorandum sent to his workers, as reported by Variety magazine.The cuts occur after the creation of a new marketing division and will affect roles in the studios of The Walt Disney Company, its television channels, ESPN, as well as the product and tec…
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