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Disney Axes 300 Amid Industry Shake-Up
3 Oct
Summary
- Nearly 300 Disney workers laid off this week.
- Cuts primarily impacted human resources and technology.
- Further layoffs anticipated in TV division early next year.
Walt Disney Co. initiated layoffs this week, impacting nearly 300 employees, with the human resources and technology divisions being most affected. These cuts are part of a wider industry trend and Disney's internal restructuring efforts led by CEO Josh D'Amaro. The company is aiming for a "One Disney" approach to integrate operations following significant acquisitions.
As part of its strategic evolution, Disney is also centralizing its streaming services around Disney+. This includes diminishing the role of the Hulu brand. Employees are bracing for potential further job reductions, with significant restructuring anticipated in the television division in early 2027, according to reports.
Disney President Dana Walden acknowledged the industry's turmoil, citing shifts in consumption patterns that have altered traditional television economics. She described the company's voluntary retirement program as generous, allowing long-tenured executives to make personal decisions about their careers.
