Disney Announces Elimination of 1,000 Positions as Part of Operational Streamlining

# Disney Announces 1,000 Job Cuts Across Business Units Disney will eliminate 1,000 positions, with layoffs starting this week, according to a source familiar with the matter. The reductions form part of a broader streamlining effort announced by Josh D'Amaro on Tuesday. ABC News, part of Disney, is experiencing roughly a dozen layoffs, per a source close to the network.

Josh D'Amaro stated that over the past several months the company has looked at ways to streamline operations in various parts to ensure world-class creativity and innovation. He told employees that as a result the company will be eliminating roles in some parts and has begun notifying impacted employees. The bulk of the 1,000 jobs will come from Disney's unified marketing unit under Asad Ayaz.

Some of the 1,000 jobs will come from Disney's studios and TV businesses. Additional positions will be cut from ESPN, product and technology at Disney, and certain corporate functions. These details were confirmed through multiple sources.

Leadership Changes at Disney Josh D’Amaro was tapped as CEO of Disney in February and succeeded Bob Iger in the role.

Dana Walden was elevated to president and chief creative officer at Disney. Last month, Debra OConnell was elevated by Dana Walden to chair of Disney Entertainment Television.

Recent Disney Partnerships and Investments Disney's three-year partnership with OpenAI, including its $1 billion investment, was dissolved after OpenAI announced it was shuttering its Sora video generator months after its launch.

5 billion investment in Epic Games was led by Josh D’Amaro.