Following its advertising restructure, Disney is finishing up layoffs, its CEO confirmed.

In the present day, Disney CEO Josh D’Amaro despatched a memo to workers confirming layoffs had been being carried out this week, saying that impacted workers had been being notified. As the corporate appears to streamline operations, it’s anticipated to put off as much as 1,000 workers.

The layoffs observe Disney’s announcement in January that it was restructuring its marketing divisions beneath Asad Ayaz, the corporate’s first chief advertising and model officer. The restructure was geared toward aligning the corporate’s advertising groups extra carefully throughout the enterprise.

Past advertising, the corporate’s studios and TV companies, ESPN, merchandise and tech, and company capabilities may even be affected, in accordance with reports.

“I do know that is laborious. People who will likely be leaving us have completed significant work right here and care deeply about this firm. These selections usually are not a mirrored image of their contributions, or of the general power of the corporate,” D’Amaro mentioned within the memo. “Quite, they mirror our continuous analysis of find out how to extra successfully handle our assets and reinvest in our companies.”

Regardless of the layoffs, D’Amaro mentioned he remained “optimistic” about the place the corporate is headed.

“I’m deeply grateful for all your contributions and for the dedication, professionalism, and care you carry to your work every day. Even in difficult moments, you proceed to reveal what makes Disney so particular,” D’Amaro mentioned.

That is the primary large-scale layoff beneath D’Amaro. It additionally displays an ongoing pattern within the leisure trade, with firms comparable to Sony and CBS just lately asserting cuts.

Disney could lay off 1,000 employees, with many of those cuts affecting the marketing department.

See the total memo beneath:

Expensive Fellow Staff & Forged Members,