Disney Internal Memo Fuels Layoff Fears; "The Mouse" Makes AI Moves
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Posted in: Comics, Disney+, Movies, TV | Tagged: ai, disney, marvel A leaked internal Disney memo is fueling fears that another round of layoffs is on the way, while "The Mouse" makes some big AI moves. During The Walt Disney Company's quarterly earnings call with Wall Street analysts in May, new CEO Josh D'Amaro and CFO Hugh Johnston were asked by call moderator and investor relations chief Ben Swinburne if they were looking at that moment to "take a fresh look" at how the company operates and what areas had the most room for improvement. While D'Amaro spotlighted an increased focus on how AI could benefit the creative process and the company's theme parks, Johnston focused on how decisions have and could continue to impact the company directly and contribute to the company's goal of "a culture of efficiency." "These are always difficult exercises for the organization, but let me assure you, this management team is acutely focused on this," Johnston shared. Noting that the company was eyeing a stronger financial focus on content and technology to help drive growth, Johnston said that the layoffs and other staff reductions from the previous month (which hit Marvel Studios and Marvel Entertainment particularly hard) demonstrated "a deliberate shift toward a more agile, technologically enabled and resilient workforce." As for how that could translate when it comes to...
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