The Walt Disney Co. has launched a new wave of layoffs that is expected to cut roughly 1,000 positions across its global operations, marking another significant round of downsizing for the entertainment powerhouse as it navigates an increasingly volatile media environment.
The job reductions are set to impact multiple divisions within the company, spanning from traditional television operations to its film studio. Key areas expected to feel the cuts include legacy TV networks such as ESPN, as well as Disney’s motion picture division. Additional reductions are anticipated in product and technology teams, along with several corporate support functions.
This latest restructuring effort underscores the company’s ongoing attempt to adapt to a rapidly evolving industry where streaming competition, rising costs, and declining traditional TV revenues continue to reshape how media giants operate.
In a memo sent to employees and obtained by The Associated Press, Josh D’Amaro, who took over as CEO in February after succeeding Bob Iger, explained that the company is focused on streamlining operations and improving efficiency across departments.
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