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Story summary
- Disney cuts about 300 employees, mainly in HR and tech, in its latest layoff round.
- CEO Josh D’Amaro leads the fourth layoff round this year.
- Disney Entertainment Television and the motion-picture studio are exempt from the cuts.
- Early-retirement buyouts for directors 50+ with ten-year tenure ended the weekend before the cuts.
- Chief Legal and Global Affairs Officer Horacio Gutierrez warned of “hard choices” and AI-driven transformation on Sep. 18.