tech
April 17, 2026
What's happening with Marvel? Disney almost dismantles the studio after laying off a thousand employees
This week it became known that Josh D’Amaro, the new CEO of The Walt Disney Company, signed a memorandum that changed the labor landscape of one of the world's largest entertainment corporations...
TL;DR
- The Walt Disney Company is undergoing a broad restructuring, resulting in about 1,000 job losses.
- Marvel Studios is significantly impacted, with key personnel cuts in its New York and Burbank offices.
- The Visual Development department at Marvel Studios, responsible for aesthetic identity, has been nearly eliminated.
- The layoffs are attributed to a reduced Marvel Studios production slate and Disney's aggressive cost-cutting strategy.
- Financial pressures, including a stock drop and lower profitability in streaming compared to theme parks, are cited as reasons for the cuts.
- The rise of artificial intelligence in creative processes and the decline of traditional cable TV business models are also contributing factors.