NewKerala.com

Disney's New CEO Cuts 1,000 Jobs to Streamline for "Agile" Future

New Disney CEO Josh D'Amaro has announced the elimination of approximately 1,000 jobs across the company. The cuts will affect several divisions, including the recently unified marketing organization, studios, TV businesses, and ESPN. D'Amaro stated the move is necessary to streamline operations and create a more agile, technology-focused workforce. He officially succeeded Bob Iger as CEO last month.

Key Points: Disney Layoffs: 1,000 Jobs Cut Under New CEO

  • 1,000 jobs eliminated
  • Cuts across marketing, studios, and ESPN
  • New CEO Josh D'Amaro's major move
  • Shift towards strategic priorities and agility
2 min read

Disney layoff: New CEO announces 1,000 jobs cut

New Disney CEO Josh D'Amaro announces 1,000 job cuts across marketing, studios, ESPN, and tech to create a more agile workforce.

"We will be eliminating roles... to foster a more agile and technologically-enabled workforce. - Josh D'Amaro"

Los Angeles, April 14

The layoffs crisis has massively hit The Walt Disney Co.

New CEO Josh D'Amaro, only a month into the job, has informed staff of the cuts in a memo, as per The Hollywood Reporter. Around 1,000 jobs are expected to be eliminated.

The company is expected to make job cuts across several divisions, including the unified marketing organisation led by Asad Ayaz (announced by Disney in January), as well as its studios, TV businesses, ESPN, product and technology, and some corporate functions.

The unified marketing structure brought all of Disney's sprawling marketing apparatus, from films, TV and ESPN to streaming and theme parks, into one group.

The company is said to be shifting more resources to other strategic priorities, especially given the rapid changes facing the entertainment business.

"Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney," D'Amaro wrote in his memo.

"Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow's needs. As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees," the memo read.

D'Amaro was named the next CEO of Disney in February and officially succeeded Bob Iger last month.

- ANI

Share this article:

Reader Comments

R
Rohit P
A thousand jobs is a huge number. While I understand companies need to be "agile," it feels like the new CEO is making a statement by cutting so deep, so fast. Hope the restructuring actually leads to better content and not just cost-cutting.
A
Aman W
It's a harsh reality of the corporate world. Many Indian IT and media professionals face similar uncertainties. The memo talks about "world-class creativity," but layoffs like this can really hurt morale and innovation. A tough balance for any leader.
S
Sarah B
As someone who works in marketing, the "unified marketing" structure sounded good on paper, but merging massive divisions often leads to redundancies. Not surprised they're cutting there. Hope the people let go get good severance packages.
V
Vikram M
Streamlining is necessary, but doing it within a month of taking charge? Feels rushed. Bob Iger built that company. The new CEO should have taken more time to understand the culture before such a massive move. My two cents.
K
Kavya N
Disney+ Hotstar is huge in India. I hope these cuts don't affect the local content teams or the quality of service here. We love the Marvel and Star Wars shows! Fingers crossed the "strategic priorities" include the Indian market. 🤞

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50