""Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow's needs.""
""I know this is hard...These decisions are not a reflection of their contributions or of the overall strength of the company. Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses.""
Disney is terminating over 1,000 employees, with Marvel Studios' visual development teams being notably affected. The layoffs, amounting to approximately 8% of staff, span various departments including film production and finance. CEO Josh D'Amaro stated that these cuts are necessary to adapt to the fast-moving industry and to create a more agile workforce. He emphasized that the decisions do not reflect employee contributions but are part of a strategy to manage resources effectively and reinvest in the business.
Read at Kotaku
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