Disney is reportedly conducting a third round of job cuts that will impact a few hundred employees, primarily in the company's human resources and tech departments across business units, according to a source cited by Deadline. The cuts follow layoffs in July and an offer of early retirement to executives in August. On September 18, Chief Legal and Global Affairs Officer Horacio Gutierrez warned employees of hard choices, staffing investments, and the division becoming a much smaller organization by transforming the business and automating certain workflows by leveraging technology. In August, new CEO Josh D'Amaro and CFO Hugh Johnston expressed a commitment to reducing costs across the enterprise to create incremental capacity to invest in growth through workforce reductions and trimming SG&A expenses. The job cuts will reportedly not include employees at Disney Entertainment Television and the motion picture studio. Since assuming the role as chief executive, D'Amaro has cut Disney's staff by as many as 1,700 employees across all divisions, with many of the cuts due to the consolidation of business units into a centralized enterprise marketing and brand division.
Walt Disney CompanyDisney is conducting a third round of layoffs, cutting a few hundred more jobs as part of enterprise-wide cost reduction and SG&A trimming.
