We’ve got skilled quite a lot of change these previous couple of years, each on the firm and throughout our industries. Understanding firsthand how these moments can carry uncertainty, I wish to be open about some troublesome information that will likely be communicated this week. 

In January, we introduced our unified enterprise advertising and model group, designed to serve shoppers in an much more related method. Over the previous a number of months, now we have checked out methods during which we will streamline our operations in numerous elements of the corporate to make sure we ship the world-class creativity and innovation our followers worth and count on from Disney. Given the fast-moving tempo of our industries, this requires us to consistently assess find out how to foster a extra agile and technologically-enabled workforce to fulfill tomorrow’s wants. Because of this, we will likely be eliminating roles in some elements of the corporate and have begun notifying impacted workers. 

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. Quite, they mirror our continuous analysis of find out how to extra successfully handle our assets and reinvest in our companies. 

Compassion and respect stay on the coronary heart of our firm. As we transfer ahead by this transition, our precedence is to assist these impacted and assist every particular person navigate what comes subsequent with assets, steerage, and direct assist. 

Regardless of these troublesome selections, I stay optimistic about the place we’re headed as an organization. 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.

Josh


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