Two major California-headquartered companies announced significant workforce reductions this week as part of broader efforts to streamline operations and adapt to rapid technological changes in the entertainment and tech sectors. The Walt Disney Co. is eliminating approximately 1,000 positions across its studios, TV businesses, ESPN, unified marketing organization, product and technology groups, and certain corporate functions. The cuts were detailed in an internal memo from CEO Josh D’Amaro, who took over the role last month. In the memo sent to employees on April 14, 2026, D’Amaro wrote: “Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney. 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 and have begun notifying impacted employees.” The moves align with Disney’s “One Disney” strategy to align global businesses and deepen fan relationships, including a unified enterprise marketing and brand organization announced earlier in the
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