Disney has announced plans to cut 1,000 jobs in its first major layoffs under new CEO Josh D’Amaro, according to sources familiar with the matter. The move is part of a broader restructuring effort to reduce costs and improve operational efficiency amid shifting market conditions.
The layoffs, which affect approximately 1% of Disney’s global workforce, span multiple divisions, including corporate and streaming operations. Analysts suggest the cuts reflect ongoing challenges in the entertainment industry, particularly in the streaming sector, where profitability remains elusive for many players.
“This is a strategic realignment to position Disney for long-term growth,” said an unnamed company official. “While these decisions are difficult, they are necessary to ensure the company remains competitive.”
Disney’s restructuring follows similar moves by other media giants, including Warner Bros. Discovery and Netflix, which have also trimmed their workforces in recent months. The layoffs come as Disney seeks to balance its traditional media businesses with its growing digital platforms.
Looking ahead, industry watchers will monitor how these cuts impact Disney’s creative output and its ability to compete in an increasingly crowded streaming market. Some analysts warn that further layoffs could follow if economic conditions worsen.