Today, Disney’s new CEO, Josh D’Amaro, sent out a memo to employees regarding the Walt Disney Company layoffs. These cuts are expected to impact around 1,000 employees at the company.
Disney consolidated its marketing division under Chief Marketing and Brand Officer Asad Ayaz in January. Now these cuts are expected to hit marketing the hardest, with cuts coming across all of Disney’s marketing departments in production, TV, studios, and more.
D’Amaro makes sure that employees know they aren’t being cut over performance but rather to “more effectively manage our resources and reinvest in our businesses.”
Meanwhile, Disney has had a job listing for someone to develop AI systems for the company.
Here is the memo sent to employees today,
Dear Fellow Employees & Cast Members,
We have experienced a great deal of change these last few years, both at the company and across our industries. Knowing firsthand how these moments can bring uncertainty, I want to be open about some difficult news that will be communicated this week.
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.
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.
Compassion and respect remain at the heart of our company. As we move forward through this transition, our priority is to support those impacted and help each person navigate what comes next with resources, guidance, and direct support.
Despite these difficult decisions, I remain optimistic about where we’re headed as a company. I’m deeply grateful for all of your contributions and for the dedication, professionalism, and care you bring to your work each day. Even in challenging moments, you continue to demonstrate what makes Disney so special.
Josh
Disney has laid off thousands of people in the last few years, and while they are hiring technology people to build AI, this likely means more cuts will eventually happen.
Record profit is the new Disney difference.
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Source: WDWNT
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