Disney Plans Major Restructuring Under New CEO

Disney Plans Major Restructuring Under New CEO
Disney is cutting approximately 1,000 jobs as newly appointed CEO Josh D'Amaro launches a strategic overhaul focused on streamlining marketing and operations. The layoffs represent the latest phase of restructuring that has eliminated over 8,000 positions since 2022 under previous leadership. Despite a recent $1.5 billion investment in Epic Games to strengthen digital initiatives, Disney continues grappling with declining linear television margins and escalating streaming production costs. The cuts signal D'Amaro's aggressive approach to operational efficiency as the entertainment giant navigates persistent profitability challenges in an evolving media landscape.