Disney layoffs hit team behind blockbuster…
A sweeping spherical of layoffs has rocked Marvel, gutting groups behind some of Hollywood’s greatest superhero hits as dad or mum company Disney tightens its belt.
Roughly 8% of the superhero model’s workforce has been cut, impacting Marvel Entertainment in New York and Marvel Studios in Burbank. The layoffs stretch across almost every division — including movie and tv manufacturing, publishing, franchise operations, finance and legal, Deadline reported.
“I know this is hard,” The Walt Disney Company CEO Josh D’Amaro wrote in a memo to workers concerning the cuts, which can have an effect on 1,000 workers across the broader company.
Kevin Feige, president of Marvel Studios, speaks during D23 Brazil: A Disney Experience in Sao Paulo, Brazil in 2024. Getty Images
“These decisions are not a reflection of their contributions, or of the overall strength of the company. Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses.”
One of the hardest-hit areas would be the visible development unit at Marvel Studios, the award-winning team accountable for shaping the signature look of the Marvel Cinematic Universe.
The group — made up of illustrators, character designers and other artistic specialists — performed a key position in defining blockbuster titles such as “The Avengers,” “Guardians of the Galaxy” and “Daredevil.”
Marvel is the studio behind such cinematic superhero blockbuster flicks as “Thor.” AP
Insiders say almost the whole division has been eradicated, leaving behind only a small core workers tasked with coordinating freelance and contract employees on a project-by-project foundation. Many of those affected had spent years — in some circumstances more than a decade — serving to construct Marvel’s visible id.
Disney is shedding 8% of the Marvel workforce. Walt Disney Co./Courtesy Everett Collection
Some of the affected artists are anticipated to continue working with the studio in a freelance capability, though without the soundness of full-time roles.
Word of the cuts started spreading Tuesday through inside channels and social media, catching many in the industry off guard.
Marvel had already undergone a smaller spherical of layoffs last yr, but this latest shake-up marks one of the most important restructurings in the company’s current historical past.
The layoffs come as Disney scales back Marvel’s manufacturing pipeline following years of fast enlargement across movie and streaming. Executives have signaled a shift toward fewer, more centered releases after criticism that the superhero giant had oversaturated audiences.
The transfer provides to a growing wave of job losses across leisure and media, as studios and manufacturing corporations grapple with rising prices and altering viewers habits.
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