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Disney’s New CEO Axes 1,000 Jobs: Marvel VFX Gutted in Cost-Saving Blitz
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Disney’s New CEO Axes 1,000 Jobs: Marvel VFX Gutted in Cost-Saving Blitz

WebProNews·Name·about 1 month ago
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Walt Disney Co. kicked off a fresh round of layoffs this week, targeting about 1,000 positions across its sprawling empire. The cuts hit hard at ESPN, legacy TV units, the film studio, marketing, corporate tech teams, and—most starkly—Marvel Studios. Nearly the entire visual development team there, fresh off an Oscar win, got the boot. A few full-timers remain to oversee contractors on specific projects. CEO Josh D'Amaro, who stepped in last month after Bob Iger's exit, broke the news in a memo to staff. "These decisions are not a reflection of their contributions, or of the overall strength of the company," he wrote. "Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses." Yahoo Finance first detailed the scope on April 15. Marketing bears the brunt. Asad Ayaz, elevated to chief marketing and brand officer in January, oversees the group now slashed under Project Imagine , an internal consolidation effort. Consultants from Bain & Co.…

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