Disney's new CEO Josh D'Amaro has announced layoffs across the company in an email to employees.
Around 1,000 positions are expected to be eliminated as Disney works to "streamline our operations", D'Amaro wrote in a memo to employees on Tuesday (14 April).
Per a report in Variety, the layoffs are primarily a result of the consolidation of Disney's marketing division, a source familiar with the situation said.
The job cuts will fall on Disney's marketing group, as well as other parts of the company, including its studio and TV business, ESPN, products and technology, and corporate groups, the source said.
In the memo, D'Amaro wrote: "In January, we announced our unified enterprise marketing and brand organization, designed to serve consumers in an even more connected way.
"Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney. Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs.
"As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees."
Disney streamlining operations
D'Amaro added: "I know this is hard. Those that will be leaving us have done meaningful work here and care deeply about this company. These decisions are not a reflection of their contributions, or of the overall strength of the company.
"Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses."
D'Amaro, a 28-year Disney veteran and the former Disney Experiences chairman, took over from Bob Iger as Disney's CEO on 18 March.
Images courtesy of Disney
