Disney to Lay Off Up to 1k Employees in First Cuts Under New CEO Josh D'Amaro
4 hours ago
- #Disney Layoffs
- #Entertainment Industry
- #Corporate Restructuring
- Disney plans to lay off up to 1,000 employees in the coming months, marking the first cuts under new CEO Josh D'Amaro.
- The layoffs are linked to a recent consolidation of marketing operations, following an earlier round in June that affected hundreds across divisions.
- These cuts are part of broader cost-saving efforts, though smaller than the 8,000 layoffs overseen by former CEO Bob Iger, which saved $7.5 billion.
- D'Amaro officially became CEO in February, ending Iger's 52-year tenure, with the layoffs reported by The Wall Street Journal.
- Comments reflect employee exhaustion over frequent restructures and concerns about understaffing in marketing, alongside broader industry pessimism.