Disney cuts hundreds more jobs, impacting technology and HR

Disney has again reduced its workforce, with hundreds of employees being laid off. The latest cuts have primarily impacted the company's technology and human resources (HR) divisions.

These layoffs are part of a broader cost-cutting strategy initiated by new CEO Josh D'Amaro. The company had previously signaled upcoming workforce reductions in its August earnings report, stating it was evaluating various measures to decrease expenses. Earlier in September, Chief Legal and Global Affairs Officer Horacio Gutierrez also informed staff about impending "hard choices" related to "staffing investments" and increased automation.

This is the third significant round of layoffs at Disney since D'Amaro took over as CEO earlier this year. The first round in April affected approximately 1,000 employees, followed by further reductions in July that primarily impacted staff at Pixar and National Geographic.

Several other media companies are also shedding employees amidst industry shifts driven by automation and the dominance of streaming services. Bad Robot and Sony Pictures implemented similar cuts in April.