"In an email to staff, D'Amaro stated, '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.'"
"The redundancies will land across the recently reorganised marketing group, the studio and television businesses, sports network ESPN, products and technology, and a handful of corporate functions."
"This cull marks D'Amaro's first major structural intervention since succeeding Bob Iger and signals that the new chief is wasting little time in putting his own stamp on the House of Mouse."
"For Disney, it is the largest round of cuts since 2023, when the group announced some 7,000 redundancies as part of a sweeping $5.5bn cost-saving drive."
Walt Disney is set to eliminate around 1,000 jobs as part of a cost-cutting initiative led by new CEO Josh D'Amaro. The layoffs will affect various divisions, including marketing, studio, television, ESPN, and corporate functions. D'Amaro emphasized the need for a nimble and technologically-enabled workforce to adapt to industry changes. This move follows similar job cuts by other major studios and is the largest since 2023, when Disney announced 7,000 redundancies as part of a broader cost-saving strategy amid financial pressures.
Read at Business Matters
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