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 Times Of India —

Disney CEO Josh D’Amaro has announced that the company is undergoing a change, working to reshape its massive media empire.

In a memo to employees, the CEO said that the company is cutting approximately 1,000 roles this week to “streamline” its operations.

According to the memo, the majority of the job losses are a direct result of Disney forming a single, consolidated “enterprise marketing division.” This new group is being led by Asad Ayaz, the company's Chief Marketing and Brand Officer.

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Disney Cuts 1,000 Jobs