The Walt Disney Company has announced plans to cut around 1,000 jobs as part of a restructuring effort under its new CEO, Josh D’Amaro.
The decision comes just weeks after D’Amaro took over the top role, signalling a push to streamline operations and improve efficiency across the company. The layoffs are expected to affect multiple divisions, though specific departments have not been fully detailed.
In an internal memo to employees, D’Amaro said the move was necessary to align the company’s structure with its long-term goals. He acknowledged that the decision would be difficult but stressed that it was aimed at making Disney more focused and competitive in a rapidly changing entertainment industry.
The company has been facing growing pressure from shifts in consumer behaviour, particularly the move towards streaming platforms. Like many media giants, Disney has been trying to balance its traditional businesses, such as theme parks and television, with its expanding digital services.
This is not the first time Disney has undertaken job cuts in recent years. The company has been working to reduce costs and improve profitability, especially as competition in the streaming space continues to intensify.
Employees affected by the layoffs are expected to receive severance packages and support during the transition. The company has said it will handle the process carefully, keeping communication open with its workforce.
The announcement has raised concerns among employees, especially given the timing so soon after a leadership change. However, industry analysts say such steps are common when new leaders take charge, as they look to reshape organisations and set new priorities.
D’Amaro emphasised that despite the layoffs, Disney remains committed to investing in its core businesses, including content creation and experiences. He also highlighted the importance of innovation as the company adapts to evolving audience demands.
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