Disney to cut roughly 1,000 jobs, Variety reports

Disney (DIS) is making layoffs this week in an effort to “streamline” its operations, slashing roughly 1,000 roles in the process, Variety’s Todd Spangler reports, citing a memo to staff from new CEO Josh D’Amaro. The layoffs are mainly a result of the company’s formation of a consolidated marketing unit under the leadership of chief marketing and brand officer Asad Ayaz, the author says, citing a source familiar with the situation. The job cuts will impact marketing functions across Disney’s studios, TV networks, ESPN, product and technology, and corporate groups, the author notes.