New Disney CEO’s first order of business: layoffs. Disney is reportedly planning to cut as many as 1,000 jobs, as part of a cost-cutting initiative under CEO Josh D’Amaro, who took over as head of the Mouse House last month. The layoffs are expected to primarily impact the company’s marketing department, which was consolidated under the newly created role of chief marketing and brand officer in January, when Bob Iger was still CEO. Disney’s parks and cruises business remains a strong profit center, but the company faces questions around its stock price, franchise fatigue, and linear TV’s decline.
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