Disney Is Cutting 1,000 Jobs in First Layoffs Under New CEO

Walt Disney Co. is eliminating 1,000 jobs, according to people familiar with the matter, as new Chief Executive Officer Josh D’Amarobegins to implement organizational changes at the entertainment company.

While the cuts are company wide, they will fall particularly hard on the marketing department, which is being consolidated under Asad Ayaz, who was appointed chief marketing and brand officer in January.

“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 ...