Disney Initiates 1,000 Job Cuts in Major Restructuring Targeting TV and Film

The Walt Disney Co. has commenced a fresh round of layoffs impacting approximately 1,000 employees, with a significant portion of cuts expected from the company’s recently consolidated marketing division. According to reports from The Wall Street Journal, these layoff plans were already in motion before Josh D’Amaro formally took over his executive role. The reductions primarily target traditional television segments, ESPN, and movie studios, driven by a declining TV market and shrinking box office revenues. This move follows a major restructuring in 2023 when Disney eliminated 7,000 positions to achieve aggressive cost savings. Management aims to streamline operations and improve margins as the industry shifts toward digital-first models. Investors remain focused on how these structural changes will influence the performance of DIS stock in the coming quarters.