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Disney is gearing up for substantial layoffs, primarily within its recently consolidated marketing department.
Disney plans to lay off up to 1,000 employees, mainly in its marketing department.
KEY POINTS
- The layoffs were planned before Josh D'Amaro became CEO, according to the Wall Street Journal.
- Disney is merging Disney+ and Hulu staff into a single app as part of restructuring.
- Disney has been consulting with Bain & Co. for its ongoing cost-cutting strategy.
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