{"id":46305,"date":"2026-04-10T03:20:18","date_gmt":"2026-04-10T03:20:18","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=46305"},"modified":"2026-04-10T03:20:18","modified_gmt":"2026-04-10T03:20:18","slug":"disney-plans-layoffs-of-as-many-as-1000-employees","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=46305","title":{"rendered":"Disney plans layoffs of as many as 1,000 employees"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108260736\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>People gather at the Magic Kingdom theme park before the &#8220;Festival of Fantasy&#8221; parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022.  <\/p>\n<p>Octavio Jones | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/DIS\/\">Disney<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> is planning to begin its next phase of cost cutting, which will include as many as 1,000 layoffs, according to a person familiar with the matter. <\/p>\n<p>The cost-cutting initiative comes shortly after Josh D&#8217;Amaro <a href=\"https:\/\/www.cnbc.com\/2026\/03\/18\/disney-josh-damaro-ceo-new-chapter.html\">took the helm<\/a> as CEO in mid-March. <\/p>\n<p>The layoffs are expected to mostly affect Disney&#8217;s marketing department, according to the person, who requested to speak anonymously because the moves had not yet been made public. That department was <a href=\"https:\/\/thewaltdisneycompany.com\/press-releases\/the-walt-disney-company-establishes-new-enterprise-marketing-organization-names-asad-ayaz-chief-marketing-and-brand-officer\/\" target=\"_blank\">recently consolidated<\/a> under Asad Ayaz, who was named chief marketing and brand officer in January. <\/p>\n<p>Ayaz, who reports <a href=\"https:\/\/thewaltdisneycompany.com\/press-releases\/the-walt-disney-company-sets-leadership-team-for-expanded-disney-entertainment-segment\/\" target=\"_blank\">directly<\/a> to D&#8217;Amaro and Dana Walden, Disney&#8217;s president and chief creative officer, oversees marketing for all of Disney&#8217;s divisions \u2014 entertainment, experiences and sports \u2014 in the newly created role. It&#8217;s the first time that Disney brought all of its units under one marketing chief. <\/p>\n<p>Disney&#8217;s stock was slightly down in afternoon trading on Thursday. The layoffs were first reported by <a href=\"https:\/\/www.wsj.com\/business\/media\/disney-planning-layoffs-under-new-ceo-damaro-f1fe10a3?mod=hp_lead_pos3\" target=\"_blank\">The Wall Street Journal<\/a>. <\/p>\n<p>The changes to the marketing department structure occurred in January, when Bob Iger was still CEO of the company. Disney announced shortly after that that D&#8217;Amaro would take take over the top job \u2014 <a href=\"https:\/\/www.cnbc.com\/2026\/02\/03\/disney-ceo-josh-damaro-successor-bob-iger.html\">a long-awaited decision<\/a> for the company. <\/p>\n<p>D&#8217;Amaro, who previously was chairman of Disney Experiences, succeeded Iger after a period of uncertainty for the media and theme park giant \u2014 which had included a succession race and recent reorganization and turnaround of the business. <\/p>\n<p>Iger reclaimed the Disney CEO role in late 2022, about two years after his initial departure. He was immediately tasked with a turnaround of the business as its stock price had fallen and earnings began to miss expectations. <\/p>\n<p>By February 2023, Disney had announced <a href=\"https:\/\/www.cnbc.com\/2023\/02\/08\/disney-reorganization.html\">sweeping plans<\/a> that reorganized the structure of the company, cut $5.5 billion in costs and eliminated 7,000 jobs from its workforce. <\/p>\n<p>On D&#8217;Amaro&#8217;s first official day as CEO in March, he noted the work Iger had done to get the company past one of its most difficult periods. <\/p>\n<p>&#8220;When Bob returned to the company a few years ago, his goal was to fortify our business and lay the groundwork for long-term growth, by reigniting creativity and improving performance at our studios, building a robust and profitable streaming business, transforming ESPN for a digital future, and turbocharging our parks and experiences,&#8221; D&#8217;Amaro said on stage at the company&#8217;s investor day.<\/p>\n<p>&#8220;We&#8217;ve accomplished all of those things, and we&#8217;re operating from a place of strength, with ample opportunity for growth.&#8221; <\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/04\/09\/disney-layoffs-ceo-josh-damaro.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>People gather at the Magic Kingdom theme park before the &#8220;Festival of Fantasy&#8221; parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022. Octavio&hellip;<\/p>\n","protected":false},"author":1,"featured_media":46306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[],"class_list":["post-46305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/46305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46305"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/46305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/46306"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}