The Walt Disney Company is planning to implement another round of layoffs, with up to 1,000 employees potentially affected. This marks the first major workforce reduction since Josh D’Amaro became Chief Executive in March. The cuts follow previous layoffs under Bob Iger, which eliminated approximately 8,000 jobs between 2023 and 2025. The company's global workforce was over 230,000 at the end of its most recent fiscal year. These developments occur amid broader cost-cutting measures across the media industry.
What happened
The Walt Disney Company announced plans for upcoming layoffs as part of restructuring efforts.
How many employees affected
Reports indicate that up to 1,000 employees may be affected by the layoffs.
Why layoffs happened
The planned cuts are reportedly linked to a restructuring of the company’s marketing operations, including eliminating duplication after Asad Ayaz was promoted to Chief Marketing and Brand Officer to consolidate marketing across film, television, and streaming divisions.
Company background
The Walt Disney Company is a global entertainment and media conglomerate with a workforce of over 230,000 employees. Josh D’Amaro recently succeeded Bob Iger as Chief Executive.
Industry impact
The layoffs at Disney reflect a broader trend of cost-cutting measures within the media industry.
What's next
The company will proceed with the planned layoffs in the coming months. Further details regarding the specific roles and departments affected have not been disclosed.
Source: socialsamosa.com