Disney President Defends Layoff Practices Amid Structural Review

Dana Walden, president and first chief creative officer of Walt Disney Co., discussed layoffs within the company. Speaking to Bloomberg Screentime in Los Angeles, Walden stated that while there is a constant need to review organizational structure, 'the idea that we are laying off people every six months is not true.'

She emphasized that layoffs are 'extremely painful' but acknowledged the necessity of evaluating how the company is structured. The statement comes as Disney navigates its operations.