"Disney is reacting to intense competition from Amazon and YouTube in the tech and streaming spaces, with up to 1,000 employees expected to receive their pink slips."
"D'Amaro replaced longtime Disney CEO Bob Iger in February, and the company's board voted unanimously to install him as the next CEO."
"While others in our industry are consolidating just to compete... Disney is in a category of one, poised to accelerate into our next era of innovation and growth."
Disney is preparing to lay off up to 1,000 employees, mainly from the marketing department, as new CEO Josh D'Amaro reshapes the company. This decision comes in response to fierce competition from Amazon and YouTube in the tech and streaming sectors. D'Amaro, who succeeded Bob Iger in February, is continuing a trend of layoffs that began under Iger's leadership, which saw over 8,000 employees let go since 2022. Despite these cuts, Disney's theme parks and cruise lines are experiencing growth.
Read at California Post
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