Disney laying off around 300 employees in latest cuts under new CEO Josh D’Amaro
The cuts are the third round this year as Disney pushes to reduce costs and automate work, with HR and technology hit hardest, sources said.
- On Tuesday, The Walt Disney Company initiated a new wave of layoffs impacting "a couple hundred" employees, primarily in human resources and technology departments across corporate divisions.
- This reduction marks the third round of job cuts this year under CEO Josh D'Amaro, following eliminations in April affecting about 1,000 positions and July cuts across Pixar and National Geographic.
- Global Affairs Officer Horacio Gutierrez warned of "hard choices" in a September 18 memo, signaling the company is "automating certain workflows" and leveraging artificial intelligence to streamline operations.
- Disney's film and television operations remain exempt from these reductions, though Disney President and Chief Creative Officer Dana Walden is expected to oversee separate restructuring of those divisions later.
- These measures follow previous cuts that helped Disney achieve $7.5 billion in savings between 2023 and 2025, as leadership continues evaluating cost-reduction levers to create capacity for future growth investments.
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American Walt Disney Co., the world's largest entertainment and media company, plans to restructure the television business, which could mean consolidating units and reducing hundreds of jobs, reported The Wall Street Journal with reference to sources.
Disney is moving its business around streaming customers, and the move will bring great changes to the management of more television. The restructuring of the television business at Walt Disney could lead to hundreds of redundancies and consolidation of more divisions, said Wall Street Journal Thursday, quoting people familiar with the company's plans, according to Reuters. ...
"We have fired colleagues with whom I have worked for most of my career. In many ways it is a harsh reality," he added.
The leader of a famous entertainment company said that restructuring is vital for the future of the audiovisual sector.Recent staff reductions include a voluntary retreat, reflecting the impact of technology on the industry.
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