Disney CEO Sends Memo Confirming Layoffs

We have skilled a substantial amount of change these previous few years, each on the firm and throughout our industries. Knowing firsthand how these moments can deliver uncertainty, I wish to be open about some troublesome news that might be communicated this week. 

In January, we introduced our unified enterprise advertising and model group, designed to serve customers in an much more related method. Over the previous a number of months, we have now checked out methods during which we will streamline our operations in numerous elements of the corporate to make sure we ship the world-class creativity and innovation our followers worth and count on from Disney. Given the fast-moving tempo of our industries, this requires us to continuously assess easy methods to foster a extra agile and technologically-enabled workforce to fulfill tomorrow’s wants. As a consequence, we might be eliminating roles in some elements of the corporate and have begun notifying impacted staff. 

I do know that is exhausting. Those that might be leaving us have carried out significant work right here and care deeply about this firm. These selections aren’t a mirrored image of their contributions, or of the general energy of the corporate. Rather, they replicate our continuous analysis of easy methods to extra successfully handle our assets and reinvest in our companies. 

Compassion and respect stay on the coronary heart of our firm. As we transfer ahead by way of this transition, our precedence is to assist these impacted and assist every individual navigate what comes subsequent with assets, steerage, and direct assist. 

Despite these troublesome selections, I stay optimistic about the place we’re headed as an organization. I’m deeply grateful for all your contributions and for the dedication, professionalism, and care you deliver to your work every day. Even in difficult moments, you proceed to display what makes Disney so particular.

Josh