Walt Disney Co. begins layoffs of 1,000 employees
AP News
—
The Walt Disney Co. has begun layoffs expected to lead to 1,000 job cuts across the company.
Josh D’Amaro on Tuesday announced broader layoffs following a move in January to consolidate Disney’s marketing division.
He succeeded Bob Iger as chief executive in February.
The cuts are expected to fall across the Burbank, California-based company’s traditional television businesses, including ESPN, as well as its movie studio.
Employees in product and technology, and in certain corporate functions will also be affected.
Contraction has recently been a widespread concern in Hollywood.
- Disney just announced it's cutting 1,000 jobs al.com —
- The Walt Disney Co. begins laying off 1,000 employees The Independent —
- Disney layoffs: CEO Josh D’Amaro's memo announcing 1,000 job cuts tells employees that 'fast-moving pace of our industry requires us to ...' Times Of India —
- Marvel Suffers Layoffs in Wake of New Job Cuts at Disney IGN —
- How many ABC News staffers will get axed in Disney bloodbath? NY Post —