Disney Begins 1,000 Job Cuts Across Multiple Divisions
The Walt Disney Co. has started cutting 1,000 jobs across various divisions, including television, movie studios, ESPN, and corporate functions. CEO Josh D'Amaro stated the cuts are necessary to create a more agile and technologically-enabled workforce. The move follows a January decision to consolidate the marketing division and reflects ongoing challenges in the traditional television business due to the shift to streaming services.
Tickers: $DIS