Disney is conducting another round of layoffs, cutting a few hundred jobs as part of an ongoing companywide cost reduction effort under newly appointed CEO Josh D’Amaro. Multiple outlets report that the impacted roles are mainly in corporate functions, with estimates ranging around the high hundreds (described as a “couple of hundred” or “around 300”).
Reports from Deadline, Variety, and The Hollywood Reporter indicate that human resources and technology/IT are the most affected areas. Variety and Deadline both describe the layoffs as occurring across corporate and within divisions, and The Hollywood Reporter characterizes the move as part of broader corporate streamlining. Business Insider places this round in the context of prior downsizing earlier in the year, describing layoffs in April and July.
CNBC adds that Disney had signaled the possibility of additional cuts in its August earnings report, describing cost levers being evaluated to reduce spending. Across the sources, this latest action is described as the third round of layoffs since D’Amaro took over, with the current round involving fewer people than earlier layoffs earlier this year.
