Disney Cuts About 1,000 Jobs in First Major Move by New CEO Josh D'Amaro

Overview

• An email to employees Tuesday, obtained by Reuters, confirmed new layoffs across the company, and separate reports put the total near 1,000 positions.
• The reductions hit marketing, film and TV studios, ESPN, product and technology, and select corporate roles, with marketing consolidated under Asad Ayaz after a January reorg.
• Josh D'Amaro said Disney must adapt to fast industry shifts by building a nimbler, more technologically capable team as box-office receipts fall, traditional TV weakens, and streaming rivals grow.
• The latest cuts follow more than 8,000 Disney layoffs since 2023 and come at a company that reported about 231,000 employees at the end of its last fiscal year.
• The notifications began this week, marking D'Amaro's first major downsizing since succeeding Bob Iger in March and signaling further restructuring to reshape how teams plan, market, and deliver content.