Overview

• June cuts slashed less than 2% of Disney Entertainment and ESPN’s product and technology employees to rebalance staff allocation.
• This second layoff round in June was overseen by chief product and technology officer Adam Smith to refocus resources.
• Disney continues to hire in its product and technology division to support enhancements on Disney+, Hulu and the upcoming ESPN streaming platform.
• Earlier this month, the studio eliminated several hundred roles in TV and film marketing as linear viewership declined.
• These reductions follow CEO Bob Iger’s restructuring strategy initiated in late 2022 to pivot the company toward streaming services.