""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," D'Amaro said in a memo to employees."
""Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow's needs.""
""Disney last went through a round of layoffs soon after Iger returned for a second spell as chief executive office in 2022. The company cut around 8,000 jobs then.""
""Contraction has recently been a widespread concern in Hollywood. Paramount Skydance has shed 2,000 jobs since the studio was taken over by David Ellison's company.""
Disney has initiated layoffs that will result in approximately 1,000 job cuts across the company. The layoffs will impact traditional television businesses, including ESPN, and the movie studio. Employees in product, technology, and certain corporate functions will also be affected. CEO Josh D'Amaro emphasized the need to streamline operations to maintain creativity and innovation. This follows a previous round of layoffs in 2022, where around 8,000 jobs were cut. The trend of job cuts is also seen in other Hollywood studios amid industry contraction.
Read at Fast Company
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