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Disney’s Year Of Cuts Continues With Thousands More Layoffs Expected
According to reports, managers have been asked to cut annual costs by 20%, with the savings coming from a mix of redundancies and other expense reductions.
#Josh D’Amaro
After A Year Of Layoffs, Disney Finds $180 Million For Recruits From Bankrupt Character.AI
Disney is recruiting most of Character.AI’s workforce, deepening its ties to the troubled chatbot startup after hiring its former CEO.
Character.AI Is Bankrupt, And Disney Is Picking Through The Scraps Of Its New Tech Chief’s Former Company
Karandeep Anand, the former CEO of the failed tech company is now the head of all technology for The Walt Disney Company.
Disney Plans More Layoffs While Spending Billions On Share Buybacks
Disney’s legal chief warned his department will shrink as separate companywide cuts reportedly approach. The company earned $2.64 billion last quarter.
Disney To End Health Coverage For Thousands Of Employees’ Spouses
Disney will limit spousal health coverage in 2027 while committing at least $9 billion this year to stock buybacks intended to support shareholder value.
Disney Profits Soar After Three Rounds Of Layoffs, Millions In Tax Credits, And $100M Tariff Refund
Company shares have also jumped nearly 5% as it added another $1 billion to its stock-buyback plans, surely a major source of comfort to its laid-off workers.
After A $1.4 Billion Box Office Year (So Far), Pixar Hit By Disney Layoffs Amid ‘Long And Lean’ Shift
The studio is reportedly among the divisions hardest hit in Disney’s third major round of job cuts under new CEO Josh D’Amaro.
Josh D’Amaro To Replace Bob Iger As CEO Of The Walt Disney Company
D’Amaro will take over for outgoing boss Bob Iger on March 18, with Dana Walden also set for a promotion to president and chief creative officer.
Disney Plans To Spend $60 Billion On Theme Parks And Cruises, With New Experiences Based On Animated Features
The company cited titles including ‘Frozen,’ ‘Zootopia,’ and ‘Coco’ as properties that it plans to “bring to life across our business.”