Disney Plans Up to 1,000 Job Cuts Under New CEO Josh D'Amaro
The Walt Disney Company is preparing to eliminate as many as 1,000 positions in the coming weeks, marking one of the first major strategic moves under newly appointed Chief Executive Officer Josh D'Amaro. According to sources familiar with the matter, a significant portion of these layoffs will target the company's recently consolidated marketing department. This decision reflects broader efforts to streamline operations and reduce costs within the entertainment giant. The announcement comes shortly after D'Amaro assumed leadership last month, signaling a shift in corporate direction aimed at improving efficiency. As a leading global media conglomerate, Disney's restructuring plans are expected to have ripple effects across the industry. The Wall Street Journal reports that this move underscores the challenges facing traditional media companies in adapting to changing market dynamics.
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Disney Plans Up to 1,000 Job Cuts Under New CEO Josh D'Amaro
The Walt Disney Company is preparing to eliminate as many as 1,000 positions in the coming weeks, marking one of the first major strategic moves under newly appointed Chief Executive Officer Josh D'Amaro. According to sources familiar with the matter, a significant portion of these layoffs will target the company's recently consolidated marketing department. This decision reflects broader efforts to streamline operations and reduce costs within the entertainment giant. The announcement comes shortly after D'Amaro assumed leadership last month, signaling a shift in corporate direction aimed at improving efficiency. As a leading global media conglomerate, Disney's restructuring plans are expected to have ripple effects across the industry. The Wall Street Journal reports that this move underscores the challenges facing traditional media companies in adapting to changing market dynamics.
WSJ.com: US Business