Disney lays off around 300 employees in latest cuts under Josh D'Amaro

Key Points:

• Disney is laying off approximately 300 employees, primarily in human resources and technology roles, as part of ongoing cost-cutting measures under CEO Josh D'Amaro.
• Earlier in the year, Disney planned to cut up to 1,000 jobs during a consolidation of its enterprise marketing division, with additional layoffs occurring in July across corporate functions including Pixar, ESPN, and National Geographic.
• The company is focused on reducing costs to create capacity for growth investments, as outlined in its August earnings report, which also mentioned offering early-retirement buyouts to executives.
• CEO Josh D'Amaro, who took over in March, is implementing a "One Disney" strategy to better integrate the company's divisions and leverage its intellectual property across multiple sectors.
• Disney is navigating a shifting media landscape dominated by streaming and digital entertainment, prompting the company to streamline operations and cut costs to remain competitive.