Disney Cuts 300 Jobs Amid Industry-Wide Restructuring
Disney's restructuring efforts have led to another round of job cuts, with around 300 employees affected this time. The layoffs will primarily target the human resources and technology departments, according to reports.
This is the second major round of job cuts under CEO Josh D'Amaro's 'One Disney' strategy, which aims to integrate the company's divisions and link its intellectual property across various sectors. The move follows earlier cuts in July that hit Pixar, National Geographic, ESPN, Disney Entertainment Television, and Disney Studios.
The latest layoffs underscore the financial pressures facing Disney as it tries to free up funds for growth while managing rising costs. Streaming and digital entertainment are reshaping the industry, forcing traditional media companies to adapt quickly.