Disney CEO Josh D’Amaro has confirmed layoffs affecting up to 1,000 employees in the company’s streamlined marketing and brand organization.
The top exec, who was officially named Bob Iger’s successor in February, conveyed the news to employees Tuesday in a memo. (Read it in full below.)
Word of the cutbacks surfaced last week and reflect consolidation in the company’s marketing areas. In January, the company upped veteran exec Asad Ayaz to Chief Marketing and Brand Officer, after announcing a plan to consolidate marketing at the film, TV and streaming operations and eliminate duplication.
The moves could affect as many as 1,000 workers, which is a more moderate level of trimming than the multiple rounds of cuts overseen by Iger soon after his return to the CEO post in 2022.
Watch on Deadline
D’Amaro didn’t retreat from the notion that contraction is reshaping
...Keep reading this article on DEADLINE.
