Josh D\u2019Amaro, the newly appointed CEO of Walt Disney, informed employees on Tuesday via email about an impending round of layoffs as part of an effort to streamline the company’s operations.<\/p>\n
The job reductions will primarily affect the marketing division, which underwent a reorganization in January, as well as other sectors within the company, including its studio and television operations, ESPN, product development and technology, along with certain corporate departments, as revealed by a source familiar with the situation.<\/p>\n
Approximately 1,000 positions are expected to be cut, according to this source.<\/p>\n
In his email, which was reviewed by Reuters, D\u2019Amaro stated, \u201cIn light of the rapidly evolving nature of our industries, it is essential for us to continually evaluate how to create a more agile and technology-driven workforce to address future demands. Consequently, we will be reducing roles in various areas of the company.\u201d<\/p>\n
Like many other studios in Hollywood, Disney is adapting to shifting economic conditions, which include a downturn in the television sector, a decrease in box office revenue, and increasing competition.<\/p>\n
The last major layoff round occurred in 2023 when Disney announced it would eliminate 7,000 jobs as part of a strategy aimed at achieving $5.5 billion in cost savings.<\/p>\n
As of September, marking the conclusion of its fiscal year, Disney reported a workforce of around 231,000 employees.<\/p>\n
The Wall Street Journal was the first to report on the layoffs.<\/p>\n
For the latest updates, click here to follow us on Instagram.<\/p>\n","protected":false},"excerpt":{"rendered":"
Josh D\u2019Amaro, the newly appointed CEO of Walt Disney, informed employees on Tuesday via email about an impending round of layoffs as part of an effort to streamline the company’s operations. The job reductions will primarily affect the marketing division, which underwent a reorganization in January, as well as other sectors within the company, including […]<\/p>\n","protected":false},"author":2,"featured_media":9515,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[40,575],"tags":[],"class_list":["post-9516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","category-in-world"],"yoast_head":"\n