Disney to cut 1,000 jobs: CEO moves to streamline operations; marketing units unified

Disney CEO Josh D’Amaro has announced that the company is undergoing a change, working to reshape its massive media empire. In a memo to employees, the CEO said that the company is cutting approximately 1,000 roles this week to “streamline” its operations. According to the memo, the majority of the job losses are a direct result of Disney forming a single, consolidated “enterprise marketing division.” This new group is being led by Asad Ayaz, the company's Chief Marketing and Brand Officer.