The Walt Disney Co. begins laying off 1,000 employees

The Walt Disney Co. on Tuesday began layoffs expected to lead to 1,000 job cuts across the company.

Josh D’Amaro, who in February succeeded Bob Iger as chief executive, announced broader layoffs following a move in January to consolidate Disney’s marketing division. The cuts are expected to fall across the Burbank, California-based company’s traditional television businesses, including ESPN, as well as its movie studio. Employees in product and technology, and in certain corporate functions will also be affected.

“Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” D’Amaro said in a memo to employees obtained by The Associated Press. “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and