Disney is a gigantic company spanning everything from movies and television to theme parks and merchandise, but yesterday, it got smaller. In a large round of layoffs, over 1,000 jobs were cut to “streamline” operations. This comes soon after a transition of power from outgoing CEO Bob Iger to new CEO Josh D’Amaro, who previously handled Disney’s Parks division.
While these layoffs were spread out across the entire company, one particular department was hit hard, a bad sign for the entertainment industry’s underappreciated world of physical media.
