Disney to eliminate 1,000 jobs
The Walt Disney Company will cut about 1,000 jobs as new CEO Josh D'Amaro moves to streamline operations. Layoffs will affect marketing, studios, TV, ESPN and tech teams. The move comes as Disney adapts to declining TV revenues, box office pressures and rising competition. It follows earlier cost-cutting efforts, including 7,000 job cuts announced in 2023 to improve financial performance.