The Economic Times

Disney Layoffs: Why is Disney cutting hundreds of jobs again under CEO Josh DAmaro amidst future plans?

Disney is undergoing significant staff reductions as newly appointed CEO Josh DAmaro announces layoffs affecting hundreds of workers. Most cuts are from the tech and HR divisions, while the TV and motion picture studios remain unaffected. These layoffs follow earlier cuts made in April and summer, which also targeted various units within Disney. The company aims to reduce costs significantly while transforming its workforce through automation and technology.