Apr. 14 at 8:52 PM
The Walt Disney Company, led by CEO Josh D'Amaro, announced around 1,000 job cuts as part of a broader effort to streamline operations and improve efficiency.
The layoffs will mainly affect marketing (recently reorganized), as well as studios, TV, ESPN, product, technology, and certain corporate functions. Employees have already begun receiving notifications.
D’Amaro said the move reflects the need to build a more agile and tech-driven workforce amid rapidly changing industry conditions, including weaker traditional TV performance, box office declines, and rising streaming competition. Other media groups such as Warner Bros. Discovery and Paramount have also implemented layoffs.
Disney previously cut about 7,000 jobs in 2023 during a major cost-reduction program.
$DIS