Disney CEO Josh D’Amaro just told employees that the Mouse House is laying off staffers less than a month into his tenure.
The cuts come after Disney unified its enterprise marketing and brand teams, D’Amaro said in a Tuesday morning memo obtained by Business Insider.
“Those that will be leaving us have done meaningful work here and care deeply about this company,” D’Amaro said in the memo. “These decisions are not a reflection of their contributions, or of the overall strength of the company.”
D’Amaro expressed confidence in the company’s trajectory.
“Despite these difficult decisions, I remain optimistic about where we’re headed as a company,” D’Amaro said.
Read the full memo from D’Amaro here:
Read the original article on Business Insider
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