The Walt Disney Company’s new chief executive announced in an early morning email Tuesday that the entertainment giant would slash 1,000 jobs in the latest blow to a major Hollywood studio.
“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,” Disney CEO Josh D’Amaro wrote in an email to employees, according to Reuters.
“As a result, we will be eliminating roles in some parts of the company.”
The layoffs will hit a wide range of divisions, chiefly the company’s marketing department. Disney’s studio and television divisions, as well as sports powerhouse ESPN, will also be impacted, along with product and technology.
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Disney is reacting to intense competition from Amazon and YouTube in the tech and streaming spaces, the Wall Street Journal previously reported.
D’Amaro took over for longtime Disney CEO Bob Iger in February, after the company’s board voted unanimously to install him in the top job.
The new cuts were planned before D’Amaro took power. Disney has laid off more than 8,000 people since Iger returned as the company’s CEO in 2022.
Disney employed 231,000 people at the end of its 2025 fiscal year.
