Disney Lays Off 1,000 Staff

The layoffs will impact several divisions, including marketing, ESPN, and Disney's film and television studios.

D'Amaro, who recently took over as CEO, is moving quickly to consolidate the company's enterprise marketing functions and streamline its corporate structure.

This move follows a previous round of consolidation in January and reflects the ongoing challenges facing traditional media companies in the streaming era.

Impacted employees were notified this week, with the company offering support services during the transition.