Disney Cuts 1,000 Jobs, Marvel Studios Among Worst Affected

Walt Disney Company (NYSE:DIS) has begun a sweeping round of layoffs affecting about 1,000 employees as it restructures operations under CEO Josh D'Amaro.

Company-Wide Cuts To Streamline Operations

Disney is eliminating roles across its media divisions, including studios, TV networks, sports, and experiences. The company said the layoffs are part of an effort to streamline operations and reallocate resources more efficiently across the business, Forbes reported on Tuesday.

Marvel Division Faces Deep Reductions

Marvel Studios is among the hardest-hit units, with job cuts spanning New York and Burbank across film and TV production, comics, franchise, finance, and legal teams.

The layoffs include nearly the entire visual development team, which shapes the look of major productions such as Avengers, Guardians of the Galaxy, and Daredevil, leaving only a ...

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Disney Cuts 1,000 Jobs, Marvel Studios Among Worst Affected

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