Disney Unveils Latest Round of Layoffs Amid TV Restructuring
The Walt Disney Company has announced another round of layoffs, eliminating approximately 300 jobs across various departments. The cuts are primarily in human resources and technology, and are expected to take place over several days.
This marks the third round of layoffs under new CEO Josh D'Amaro's leadership, with a total of over 1,500 job losses since March. The latest reductions follow a significant restructuring of Disney's television operations, which could result in hundreds more layoffs and division consolidation.
The 'One Disney' operating model aims to connect businesses more closely and capture value across the portfolio, as D'Amaro focuses on making the company execute as one unified entity around a shared strategy. However, traditional television is facing challenges due to cord-cutting, with 83% of U.S. adults now watching streaming services compared to just 36% who subscribe to cable or satellite.