Disney cuts 1,000 jobs in major marketing and entertainment restructuring

Disney is cutting approximately 1,000 jobs in a major reorganization of its marketing department, marking the first significant move under new CEO Josh D'Amaro. The layoffs, part of an internal cost-cutting initiative called Project Imagine, will primarily impact marketing teams but also affect divisions including television, Marvel Entertainment, and ESPN. This workforce reduction comes as the company faces declining traditional TV revenues, slower box office performance, and rising competition in the streaming era, raising concerns across the creative industry about the stability of major entertainment roles.