New Disney CEO announces layoffs to foster a ‘technologically-enabled workforce’

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleWalt Disney is set to eliminate approximately 1,000 positions across various departments as part of an ongoing effort to streamline operations. CEO Josh D'Amaro announced the job cuts in an email to employees, citing the need for a more agile and technologically-enabled workforce. The layoffs will impact the marketing group, studio and television businesses, ESPN, product and technology divisions, and certain corporate functions. This move comes as Hollywood studios face new economic realities, including a declining television market, shrinking box office revenues, and intensified competition. The company previously undertook a significant round of layoffs in 2023, cutting 7,000 jobs in a bid to save $5.5 billion. In fullDisney hit with layoffs as new CEO steps into role – ‘I know this is hard’Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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