In a new round of layoffs in multiple parts of it, the company progresses «Walt Disney», in an effort to keep the profits of the monopoly group active in the field of entertainment intact.
The cutbacks, which began this week, mainly hit the newly integrated marketing department, but also extend to television/cinema studio, ESPN channel, product, technology units, corporate operations and communications. It is estimated that up to 1,000 jobs will be abolished.
The new CEO of the group, Josh D'Amaro, claimed that the redundancies are «hard»Other «necessary» to adapt the company to «rapidly evolving» (ii) the creation of a single market for telecommunications services; «more flexible and technologically equipped» labour force, commonly employed – rubber. After all, taking off the challenge of employership, he promised «sympathy and respect» to the dismissed persons, «support packages, guidance and resources».
The move comes a few weeks after D’ Amaro took office and following similar decisions by the company’s previous CEO, Bob Iger, who had moved on to over 8,000 redundancies in the three years 2022-2025.
Similar cuts have been announced by other majors in the industry, as competition between them peaks: Sony Pictures prepares hundreds of layoffs, Paramount Skydance has already cut over 2,000 places, while even Netflix has moved on to reductions.
