Layoffs are hitting The Walt Disney Co., beginning Tuesday.
CEO Josh D’Amaro, only a month into the job, informed staff of the cuts in a memo. A source familiar with the matter tells The Hollywood Reporter that around 1,000 jobs are expected to be eliminated.
Cuts are expected in the company’s unified marketing organization under Asad Ayaz, which Disney announced in January, as well as in its studios and TV businesses, ESPN, product & technology, and certain corporate functions.
The unified marketing structure brought all of Disney’s sprawling marketing apparatus, from films, TV and ESPN to streaming and theme parks, into one group.
The company is said to be shifting more resources to other strategic priorities, especially given the rapid changes facing the entertainment business.
“Over the past several months, we have looked at ways in which we can streamline our operations in various
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