Disney Plans to Lay Off 1,000 Workers Under New CEO Josh D'Amaro
Disney plans to lay off about 1,000 employees over the next few months. These are the first job cuts since Josh D'Amaro became the company's new CEO in March.
Disney will eliminate roughly 1,000 positions in the coming months, marking the first major workforce reduction under new CEO Josh D'Amaro. D'Amaro took over as Disney's chief executive in March.
Multiple reports confirm the layoffs will happen over the next few weeks to months as D'Amaro begins executing his plan for the entertainment giant. The cuts represent a significant shake-up at one of the world's largest media companies.
Disney has faced various challenges in recent years, from streaming competition to theme park recovery after the pandemic. The company has previously conducted layoffs during cost-cutting efforts and leadership transitions.
The specific departments affected and timeline for the cuts remain unclear. Disney has not publicly detailed which divisions will see the most job eliminations.
Disney layoffs often signal broader changes in the entertainment industry. If you work in media or have Disney stock, these cuts could affect company performance and industry job markets.
Watch for Disney to announce which departments face cuts and when layoffs begin.
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