Disney Laying Off 1,000 Staff

The layoffs will primarily affect Disney's marketing, studio, ESPN, and technology divisions.

This move follows the recent consolidation of the company's enterprise marketing division under D'Amaro, who succeeded Bob Iger as chief executive in February.

D'Amaro stated that the fast-moving pace of the industry requires the company to constantly assess and streamline its operations.

The job cuts are part of a broader effort to reduce costs and pivot toward a more efficient corporate structure amid shifting media consumption trends.