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Disney plans to cut 1,000 jobs, WSJ reports
Many of the cuts are expected in marketing as Disney consolidates operations and seeks to reduce duplicate roles, according to reports.
- The Walt Disney Company plans to eliminate up to 1,000 positions in the coming months, marking the first major workforce reduction under new Disney CEO Josh D'Amaro.
- Expected primarily within the marketing department, the cuts aim to adjust to smaller profits from streaming and competition from Amazon and Google's YouTube.
- Under former CEO Bob Iger, Disney previously reduced its staff by 7,000 positions in 2023, while other past workforce impacts affected more than 8,000 employees.
- Through a "OneDisney" mission, D'Amaro is implementing a strategy to help teams work in a more connected way, improving organizational efficiency.
- Management intends to free up capital for future digital investments, with Disney claiming that embracing technology empowers storytellers and strengthens capabilities.
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The planned layoffs are expected to affect less than 1% of the entertainment giant's total workforce.
·Brazil
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Disney plans 1,000 job cuts in marketing overhaul under new CEO Josh
Disney (DIS) is preparing to eliminate approximately 1,000 positions in the coming weeks as new CEO Josh D’Amaro begins a strategic reorganization of the entertainment giant, according to a Wall Street Journal report on Wednesday, citing sources.
·United States
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Total News Sources39
Leaning Left7Leaning Right5Center7Last UpdatedBias Distribution37% Left, 37% Center
Bias Distribution
- 37% of the sources lean Left, 37% of the sources are Center
37% Center
L 37%
C 37%
R 26%
Factuality
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