Disney Layoffs of 1,000 Employees Are Underway; CEO Josh D’Amaro Says Cuts Will ‘Streamline’ Operations: ‘I Know This Is Hard’

Disney is making layoffs this week to “streamline our operations” in various parts of the company, CEO Josh D’Amaro said in a memo to employees Tuesday. The media company is eliminating about 1,000 roles, primarily as a result of Disney’s formation of a consolidated enterprise marketing division under the leadership of Asad Ayaz, chief marketing […]