Disney has confirmed the layoff of approximately 1,000 employees across its film, TV, ESPN, product and technology divisions, as well as certain corporate functions, according to a memo from CEO Josh D'Amaro and a source familiar with the matter [1]. The layoffs are part of an effort to streamline operations and foster a more agile, technologically-enabled workforce to meet future needs, as stated by D'Amaro [1].
Reports indicate that Marvel Studios, acquired by Disney in 2009, was particularly affected, with about 8% of its workforce let go, especially in the visual effects department. Fox News Digital reached out to Disney for comment on the specific impact at Marvel Studios [1].
This move marks D'Amaro's first major action since becoming CEO in March, following his previous role as chairman of Disney Parks, Experiences and Products [1]. Layoffs have been a recurring strategy at Disney, with former CEO Bob Iger having reduced the workforce by approximately 7,000 employees in 2023 and consolidating the company into three main segments: Entertainment, ESPN, and Parks, Experiences and Products [1].
As of late 2025, Disney reported having about 231,000 employees, according to its fiscal year reporting [1]. No immediate market reaction or analyst opinions were provided in the article.
CONCLUSION
Disney's decision to lay off 1,000 employees under new CEO Josh D'Amaro signals continued efforts to streamline operations and adapt to industry changes. While the layoffs impact several divisions, including Marvel Studios, the company remains focused on fostering innovation and agility. The market impact is medium, with no immediate analyst commentary or market reaction noted.