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Disney is laying off employees for the third time since CEO Josh D'Amaro took the top job in mid-March.
The Mouse House is cutting several hundred employees across teams, including tech and HR, a person familiar with the move confirmed to Business Insider. Deadline first reported Tuesday's cuts.
Disney did a major round of layoffs in mid-April, less than a month after D'Amaro took over for longtime CEO Bob Iger. These cuts came as Disney shook up its marketing organization, though staffers on other teams, including some at ESPN, were also impacted.
D'Amaro said in an April memo that the cuts were "not a reflection of their contributions, or of the overall strength of the company."
Another round of cuts came in July. ESPN was hit especially hard as the sports giant integrated employees from the NFL Network, which it acquired earlier this year.
Laid-off Disney employees get severance based on their rank and tenure. Non-managers who've been at the company for less than five years get four weeks of pay, while those who've been there more than five years get one week of pay a year for up to 52 weeks.
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James Faris is a media correspondent in New York City.He covers the business of media & entertainment, specifically the streaming, TV, and AI strategies of Hollywood giants like Disney, Paramount, and Netflix. He previously wrote about the stock market, the economy, and real estate.James joined Business Insider after graduating magna cum laude from James Madison University.Email James at [email protected] and follow him on LinkedIn.
