The Walt Disney Company is set to layoff another 1,000 people, with Marvel Studios seemingly heavily affected. More here. Changes are afoot at The Walt Disney Company, but some things clearly remain the same. New chief executive Josh D’Amaro has got his feet under his desk in his office, and quickly got down to the ... Disney’s new boss starts, sends email announcing 1000 layoffs
The Walt Disney Company is set to layoff another 1,000 people, with Marvel Studios seemingly heavily affected. More here.
Changes are afoot at The Walt Disney Company, but some things clearly remain the same. New chief executive Josh D’Amaro has got his feet under his desk in his office, and quickly got down to the crucial job of firing around 1,000 people from the Disney payroll.
D’Amaro did this via an email of course, writing that “given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs. As a result, we will be eliminating roles in some parts of the company.”
Funny how ‘tomorrow’s needs’ always seem to be about those down the ladder losing their jobs, yet the number of chief executives and CEOs rarely seems to dwindle.
This comes a few years after Disney shaved 7,000 jobs from its company. The firm reported a profit of $2.4bn in the first three months of 2026.
Forbes is reporting in particular that the visual development team at, of all places, Marvel Studios, is being gutted. The outlet’s report here suggests that long-term staff who had overseen the look and design of Marvel movies and TV shows are having to put their CVs together. Instead, Forbes understands that staff will be primarily hired on a project-by-project basis. Disney hasn’t commented on this, as you might expect.
“These decisions are not a reflection of their contributions, or of the overall strength of the company. Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses”, D’Amaro has insisted in his email.
D’Amaro himself has a base salary of $2.5m, with bonuses and options worth tens of millions of dollars a year. He is expected to earn around $38m this year. There’s no sign in his email that he’s willing to sacrifice, say, $10m of that to help keep some employees on the payroll, or to support those who are going to struggle now they’ve lost their job.
