Disney announces 1,000 job cuts in major restructuring move. The entertainment giant plans layoffs in coming weeks, marking the first significant workforce reduction under new CEO Josh D'Amaro. The cuts will primarily affect the marketing department following a recent consolidation effort called Project Imagine, which united marketing operations across entertainment, experiences, and sports divisions. Impacting less than one percent of Disney's approximately 231,000 employees, the layoffs reflect the company's broader cost-cutting strategy. Disney has eliminated over 8,000 positions since 2022 as it adjusts to declining linear television profits and redirects resources toward digital growth opportunities. The company aims to streamline operations while maintaining strength in its profitable theme parks and cruise line divisions, which continue expanding globally.
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