Disney is cutting around 300 jobs in its latest round of layoffs under new CEO Josh D'Amaro, extending a companywide cost-reduction drive as the entertainment giant restructures operations and looks for more money to invest in growth.
The majority of the latest cuts are affecting employees in human resources and technology, a person familiar with the matter who was not authorized to discuss the reductions publicly told CNBC. The layoffs mark at least the third significant round of job cuts since D'Amaro succeeded Bob Iger as chief executive in March.
