Disney has executed a second round of layoffs this month in its product and technology divisions, impacting less than 2% of the group. These cuts are part of a broader strategy of resource rebalancing, even as Disney continues to seek new hires in these areas. Led by Adam Smith, who joined from YouTube, the focus is on enhancing technology for Disney+ and Hulu and preparing for the launch of a new ESPN streaming product. This follows earlier cuts as part of CEO Bob Iger's push for comprehensive organizational changes amid shifting media consumption patterns.
Disney's recent layoffs in the product and technology sectors underscore its strategic focus on resource rebalancing while still pursuing new hiring opportunities.
Despite the headcount reductions under Adam Smith, Disney is committed to boosting its technological capabilities for streaming services like Disney+ and Hulu.
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