Burbank-based Walt Disney Co. Thursday was planning to lay off as many as 1,000 employees in the coming weeks as part of cost-cutting efforts under new CEO Josh D’Amaro, according to a published report.
Many of the job cuts are expected to come from Disney’s recently consolidated marketing division, according to the Wall Street Journal, citing people familiar with the matter.
The layoffs would mark one of the first major moves under D’Amaro, who took over last month, although plans for the reductions began before he assumed the role, according to the report.
Disney did not immediately respond to a request for comment.
Like other major entertainment companies, Disney has been grappling with lower profits from streaming compared to traditional television, along with weaker box office returns and increased competition from technology companies.
The company has also been consolidating operations across divisions in an effort to cut costs and invest more heavily in digital businesses, according to the report.
The newspaper said Disney has already eliminated more than 8,000 jobs since former CEO Bob Iger returned to the company in 2022 and began a broader restructuring effort.
The company employed about 231,000 people at the end of its 2025 fiscal year, with the majority working in its experiences division, including theme parks and consumer products.