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Disney CEO Josh D'Amaro Confirms Layoffs In Marketing And ... - Deadline
Disney CEO Josh D’Amaro has confirmed layoffs affecting up to 1,000 employees in the company’s streamlined marketing and brand organization. The top exec, who was officially named Bob Iger’s successor in February, conveyed the news to employees Tuesday in a memo. Read it in full below. Word of the cutbacks surfaced last week and reflect consolidation in the company’s marketing areas. In addition to marketing and brand positions, the layoffs are affecting employees across the company’s studio and television units, along with ESPN, Product & Technology and certain corporate functions, a source familiar with the cuts tells Deadline. In January, the company upped veteran exec Asad Ayaz to Chief Marketing and Brand Officer, after announcing a plan to consolidate marketing at the film, TV and streaming operations and eliminate duplication. RELATED: Disney’s New Chief Communications Officer Paul Roeder Sets Team; April Carretta Upped, Adding Lead Comms Duties For President Dana Walden The moves are at a more moderate level of trimming than that during multiple rounds of cuts overseen by Iger soon after his return to the CEO post in 2022. D’Amaro didn’t retreat from the notion that contraction is reshaping Disney as well as the entire entertainment industry. “We have experienced a great deal of change these last few years, both at the company and across our industries,” he wrote in the memo. “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.” Disney’s overall head count stood at a bit more than 230,000 at the end of the most recent fiscal year, though most of that reflects part-time workers in the company’s theme parks. D’Amaro, who was chosen as CEO after a lengthy succession process run by a committee of the company’s board of directors, has been at Disney since 1998. Most recently, he ran the company’s Experiences division. Here is D’Amaro’s full memo: 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 announce...
Disney layoffs: CEO Josh D'Amaro's memo announcing 1,000 job cuts tells ...
Disney CEO Josh D’Amaro has introduced that the corporate is present process a change, working to reshape its huge media empire. In a memo to employees, the CEO mentioned that the corporate is reducing roughly 1,000 roles this week to “streamline” its operations. According to the memo, the bulk of the job losses are a direct consequence of Disney forming a single, consolidated “enterprise marketing division.” This new group is being led by Asad Ayaz, the corporate’s Chief Marketing and Brand Officer.Disney CEO Josh D’Amaro has introduced that the corporate is present process a change, working to reshape its huge media empire. In a memo to employees, the CEO mentioned that the corporate is reducing roughly 1,000 roles this week to “streamline” its operations. This is the primary massive restructuring underneath D’Amaro as CEO. A key government chief, D’Amaro served as Chairman of Disney Experiences and took the cost as the corporate chief in March. In a memo despatched to employees on Tuesday (April 14), Josh D’Amaro, defined that the “fast-moving pace of our industries” requires the corporate to be extra agile. According to the memo (shared by Variety), the bulk of the job losses are a direct consequence of Disney forming a single, consolidated “enterprise marketing division.” This new group is being led by Asad Ayaz, the corporate’s Chief Marketing and Brand Officer.Under the brand new construction, these capabilities will likely be unified to “serve consumers in an even more connected way,” in accordance to D’Amaro’s be aware. The cuts are anticipated to impression a number of high-profile areas of the enterprise, together with, Disney’s Film Studios and TV Networks, ESPN, Product and Technology departments and Corporate teams.Dear Fellow Employees & Cast Members,We have skilled a fantastic deal of change these previous couple of years, each on the firm and throughout our industries. Knowing firsthand how these moments can convey uncertainty, I need to be open about some troublesome information that will likely be communicated this week.In January, we introduced our unified enterprise advertising and model group, designed to serve shoppers in an much more linked approach. Over the previous a number of months, we’ve got checked out methods during which we will streamline our operations in numerous elements of the corporate to guarantee we ship the world-class creativity and innovation our followers worth and anticipate from Disney. Given the fast-moving p...
Disney Layoffs to Begin Next Week Across Marketing, Awards
Disney's first round of layoffs under CEO Josh D'Amaro will begin next week and will largely impact marketing, publicity and awards divisions.
Disney CEO Josh D'Amaro Shares Memo Ahead of Layoffs This Week
In his first big consolidation move, new Disney CEO Josh D'Amaro has shared a memo with employees ahead of layoffs this week.
