Disney Is Cutting 1,000 Jobs in First Layoffs Under New CEO

Walt Disney Co. is eliminating 1,000 jobs, according to people familiar with the matter, as new Chief Executive Officer Josh D’Amaro begins to implement organizational changes at the entertainment company.

While the cuts are company wide, they will fall particularly hard on the marketing department, which is being consolidated under Asad Ayaz, who was appointed chief marketing and brand officer in January.