"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."
"Like other Hollywood studios, Disney is adjusting to new economic realities, including a declining television business, shrinking box office and heightened competition."
"The last significant round of layoffs at Disney came in 2023, when the company said it would cut 7,000 jobs as part of an effort to save $5.5bn in costs."
Josh D'Amaro, Disney's new CEO, announced layoffs affecting around 1,000 positions to streamline operations. The cuts will impact the marketing group, studio and television business, ESPN, products and technology, and certain corporate functions. Disney is adapting to economic challenges, including a declining television business and increased competition. Previous layoffs in 2023 aimed to save $5.5 billion. As of September, Disney employed approximately 231,000 people. The Wall Street Journal reported the job cuts.
Read at www.theguardian.com
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