The Walt Disney Company is reportedly planning to reduce its workforce. The move comes as new CEO Josh D'Amaro settles into his role. The company is reportedly looking to eliminate hundreds of positions in the months ahead.
What happened
The Walt Disney Company is expected to announce layoffs in the near future.
How many employees affected
The exact number of employees affected is not yet known, but reports suggest that hundreds of positions will be eliminated.
Why layoffs happened
The reason for the layoffs has not been explicitly stated, but the move comes as new CEO Josh D'Amaro settles into his role.
Company background
The Walt Disney Company is a global entertainment company.
Industry impact
The impact on the entertainment industry is currently unknown.
What's next
The company is expected to announce further details in the coming months.
Source: laughingplace.com