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The Walt Disney Company’s new chief executive announced in an early-morning email Tuesday that the entertainment group will cut 1,000 jobs, adding to a broader wave of cost reductions at a major Hollywood studio.
In the message to employees, CEO Josh D’Amaro said the company needs to “constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs,” according to Reuters. He added that Disney will be “eliminating roles in some parts of the company.”
The layoffs are expected to affect a wide range of departments, with the marketing function among the hardest hit. Disney’s studio and television divisions are also set to be impacted, along with ESPN, the company’s sports network. The cuts will extend to product and technology roles as well.
Disney’s move comes as the company faces intense competition in technology and streaming from Amazon and YouTube, the Wall Street Journal previously reported.
D’Amaro became CEO in February, taking over from longtime Disney chief Bob Iger after the company’s board voted unanimously to install him. The new job cuts were planned before D’Amaro took power.
Disney has laid off more than 8,000 people since Iger returned as CEO in 2022.
At the end of Disney’s 2025 fiscal year, the company employed 231,000 people.
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