Disney CEO Josh D'Amaro confirms layoffs of up to 1,000 employees amid company restructuring

The Walt Disney Company's new CEO, Josh D'Amaro, has confirmed layoffs affecting up to 1,000 employees, primarily within the marketing organization. These cuts are part of a significant restructuring effort to streamline operations and adapt to changes in the media industry, including shifts in streaming and declining traditional TV. The layoffs also extend to other divisions such as studio and TV units, ESPN, product and technology, and selected corporate roles.