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Story summary
- Disney plans to cut up to 1,000 jobs, mainly in marketing, amid pressures from a shrinking media industry.
- The move follows Josh D’Amaro’s appointment as Disney CEO, replacing Bob Iger (former Disney chief executive).
- Disney's workforce stands at 231,000 and has shrunk since 2022.
- The layoffs reflect industry challenges, including a 30% decline in LA filmmaking jobs and a 48% drop in theater attendance, with Sony Pictures Entertainment announcing layoffs.
