Disney Cuts Around 300 Jobs Under CEO Josh D'Amaro
Disney is laying off approximately 300 employees in its latest cost-reduction effort, a move the company signaled during its August earnings report.
The Walt Disney Company is moving forward with a round of layoffs affecting approximately 300 employees, the latest in a series of workforce reductions under newly installed chief executive Josh D'Amaro. The cuts represent one of several measures the entertainment giant has been weighing to rein in operating costs across its sprawling business units.
Disney had telegraphed the possibility of additional job reductions during its August earnings report, listing workforce adjustments among the cost-control levers it was actively evaluating. The disclosure placed employees and investors on notice that further restructuring moves were likely before the end of the fiscal year.
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The reductions come as Disney continues to navigate a complex operating environment that includes pressure to improve profitability in its streaming division while managing costs across theme parks, film studios, and its traditional television networks. Large media companies broadly have accelerated headcount reductions in recent years as advertising revenue softens and subscriber growth becomes more competitive.
D'Amaro, who previously led Disney's Parks, Experiences and Products division, assumed broader leadership responsibilities as the company pursues a leaner organizational structure. The latest layoffs underscore that cost discipline remains a central priority for Disney's executive team as it works to satisfy investor expectations for margin improvement.
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