After Sony, Disney Orders Massive Layoffs in First Cuts Under New CEO – Report
Following recent restructuring moves at Sony Pictures Entertainment, The Walt Disney Company is now reportedly moving ahead with a new round of layoffs. As per new reports, the planned layoffs could affect a significant number of employees.
Disney to lay off employees for the first time under Josh D’Amaro
The Walt Disney Company is preparing to cut up to 1,000 roles in the coming months, according to Wall Street Journal. The move marks the first set of layoffs during the leadership of CEO Josh D’Amaro, who formally took charge earlier this year. The reductions are expected to affect multiple divisions across the company, with a significant number of roles related to recent changes in its marketing operations.
The job cuts follow a restructuring that combined marketing teams across Disney’s film, television, and streaming businesses. As part of that consolidation, Asad Ayaz was appointed Chief Marketing and Brand Officer to oversee the new division. Many of the planned job cuts are linked to the recent consolidation of these marketing operations.
The company’s global workforce stood at more than 230,000 employees at the end of its most recent fiscal year, with a large portion made up of part-time workers in its parks and experiences segment.
Earlier workforce lay offs were carried out under former CEO Bob Iger, who oversaw multiple rounds of layoffs between 2023 and 2025 that eliminated approximately 8,000 roles. Those measures were part of a cost-saving program that targeted $7.5 billion in savings.
D’Amaro was named CEO on February 3 and formally assumed the role on March 18 at the company’s annual shareholder meeting, succeeding Iger. Although the upcoming layoffs will occur during his tenure, the plans were initiated prior to his appointment.
The development comes as other major studios are also making similar moves. Most recently, Sony Pictures Entertainment outlined plans for a restructuring that includes several hundred job cuts across its global operations.
Source: Comingsoon.net