Disney Layoffs Hit Marvel Studios Hard [Yahoo! Finance]
Walt Disney Company (The) (DIS)
Last walt disney company (the) earnings: 2/4 04:05 pm
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Source: Yahoo! Finance
27, 2022 in Las Vegas, Nevada. (Photo by VALERIE MACON / AFP) (Photo by VALERIE MACON/AFP via Getty Images) AFP via Getty Images The Walt Disney Company announced massive layoffs this week to “streamline operations,” according to a memo from new CEO Josh D'Amaro. The cuts will affect about one thousand employees across all the arms of Disney's media holdings, including studios, TV networks, sports, and experiences. One of the big casualties is the Academy Award-winning visual development team at Marvel Studios. These are the artists, illustrators, character designers, environment designers and other technical specialists responsible for the look of Marvel's film and television productions, from The Avengers to Guardians of the Galaxy to Daredevil . Many had been with Marvel for a decade or more. Nearly the entire department has been let go, with only a skeleton crew of full time production staff remaining in place to coordinate the hiring of resources on a per-project basis. R
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DIS
Earnings
- 2/2/26 - Beat
DIS
Sec Filings
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- DIS's page on the SEC website