Disney hit with new round of layoffs after deep cuts in April and July
Per a new report, CEO Josh D'Amaro's belt-tightening spree continued on Tuesday.
Disney, under the leadership of CEO Josh D’Amaro, has initiated another round of layoffs, following cuts made in April and July. According to a report by Deadline, around a couple of hundred employees will be leaving their positions in the tech and human resources departments. This decision was partly influenced by a voluntary early retirement process, which targeted employees who had reached or surpassed 50 years of age after at least a decade of service.
The company appears to be undergoing a transformation process, with phrases like "hard choices" and "staffing investments" reflecting the gravity of the situation.
Walt Disney Studios and Disney Entertainment Television have not been impacted by this round of layoffs, though Disney's Entertainment Television is expected to undergo a major restructuring under its new chair, Debra OConnell. This latest round of cuts is not as extensive as those implemented by D’Amaro's predecessor, Bob Iger, in 2022, when he led the company with a massive wave of dismissals.
Iger's actions resulted in the departure of a staggering 8,000 workers between 2023 and 2025, leading to significant cost savings of $7.5 billion, which exceeded Disney's initial forecasts.
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