The Walt Disney Company announced it will lay off about 1,000 employees across its film, television, ESPN, and technology divisions as part of an internal restructuring.

CEO Josh D’Amaro said the company is streamlining operations to create a more agile and tech-focused workforce in a rapidly changing industry.

Reports suggest that units such as Marvel Studios were significantly affected, particularly in areas like visual effects.

The move follows previous rounds of job cuts under former CEO Bob Iger, who reduced staffing by thousands in 2023, Fox Business has reported.

Disney said the layoffs reflect ongoing efforts to reorganize the company into a more efficient structure across its main business segments.