Disney cuts hundreds more jobs for third round of layoffs under new CEO
Hundreds more layoffs just hit Disney, as workers had been anticipating. On Tuesday, Deadline was the first to report that the company’s most recent cuts would impact several hundred employees. A spokesperson for Disney told the outlet that the layoffs primarily impact those in human resources and technology roles. Prior to the announcement, Disney had warned in its August earnings report that cuts were looming: “We remain highly focused on reducing costs across the enterprise to create incremental capacity to invest for growth and are evaluating a variety of levers, including reductions in labor and SG&A,” Disney said in that report. “We are mid-stream in this work and will provide future updates on progress.” Likewise, in a September 18 memo obtained by Deadline, Disney Chief Legal and Global Affairs Officer Horacio Gutierrez warned that some “hard choices” about “staffing investments” were coming, as “automating certain workflows by leveraging the latest technologies” would become common practices at the company.The latest round of cuts are certainly not the first made by the company since its new CEO Josh D’Amaro came on board earlier this year, replacing Bob Iger. In April, D…