Disney begins layoffs expected to eliminate about 1,000 jobs across the company
The Facts
- Disney began layoffs on Tuesday that are expected to eliminate about 1,000 jobs across the company.
- CEO Josh D'Amaro announced the layoffs in a memo or email to employees.
- The layoffs follow Disney's January consolidation or reorganization of its marketing division.
- The cuts are expected to affect Disney's studio and television businesses, including ESPN.
- Employees in product and technology and certain corporate functions are also expected to be affected.
- D'Amaro said Disney had been looking for ways to streamline operations and build a more agile, technologically enabled workforce.
- Josh D'Amaro succeeded Bob Iger as Disney chief executive earlier this year.
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Context
Which parts of Disney are being affected?
Reports say the layoffs are expected to hit the marketing group as well as Disney's studio and television businesses, ESPN, product and technology teams, and certain corporate functions U.S. News & World R…,Guardian,Independent.
Why is Disney making these cuts?
In his memo, D'Amaro said Disney had reviewed ways to streamline operations and said the fast-moving industry requires a more agile and technologically enabled workforce U.S. News & World R…,BERNAMA,Business Insider.
What changed before these layoffs were announced?
Several reports link the cuts to Disney's January move to consolidate or unify its marketing and brand organization, which D'Amaro referenced in his message to staff U.S. News & World R…,Yahoo! Finance,Business Insider.
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Independent coverage (50)
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