Disney layoffs have already hit marketing & other teams, but there may be more to come
The Walt Disney Company is undergoing a significant corporate restructuring, resulting in hundreds of layoffs across its television, legal, and IT divisions. The move is part of a broader strategy to shift from traditional cable operations to a more cohesive digital entertainment model.
Why it matters
This reflects the ongoing struggle of legacy media giants to maintain profitability as consumer habits shift away from cable toward digital streaming.
The Walt Disney Company is reportedly preparing plans to overhaul its expansive television business with an internal restructuring expected to trigger hundreds of layoffs and merge operations across separate creative divisions. Citing people familiar with the situation, The Wall Street Journal reported that the senior leadership at the company is shaping the details of the restructuring, which may not be completed until the close of the year. The review represents the latest initiative since former theme parks chief Josh D’Amaro stepped into the CEO role in March, seeking to cut through corporate fragmentation across the media empire.The report said that the planned television changes follow a steady series of workforce reductions that started under D'Amaro's predecessor, Bob Iger, during his second term as CEO. Over recent cycles, staff departures have impacted Pixar, marketing departments, ABC News, and ESPN.
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