Disney Slashes 1,000 Jobs Amid Rapidly Changing Media Landscape
The Walt Disney Company is undergoing significant restructuring efforts under its new CEO Josh D'Amaro. As part of this effort, the company has eliminated approximately 1,000 jobs across various divisions, with a focus on marketing operations that were recently consolidated under chief marketing and brand officer Asad Ayaz.
D'Amaro informed employees in an internal memo that the company is reassessing its operations amid a rapidly changing media environment. The layoffs are part of a broader review aimed at improving efficiency across departments, according to Bloomberg.
This marks D'Amaro's first major workforce decision since taking over leadership in March. Disney has previously cut over 8,000 jobs as part of earlier restructuring efforts launched under former CEO Bob Iger.