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Home Business

Disney technology head quits days after company announced 7,000 job cuts, says Report

by Sumbul Farid
February 12, 2023 - Updated On February 13, 2023
in Business, News
Reading Time: 2 mins read
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Disney lays off 7000 employees, decline in streaming subscribers
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According to an internal note seen by Bloomberg, Jeremy Doig, chief technology officer of Walt Disney Co.’s streaming services, has quit the company, the latest high-profile departure as chief executive officer Bob Iger looks forward to restructure the world’s largest entertainment company.

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Disney
Credits: Hypebeast

Doig joined Disney in March 2022 after a long term at Google and was in charge of technology for Disney , Hulu and ESPN . Aaron LaBerge, who has worked at Disney for the past decade, will now head technology and product for Disney’s media businesses.

Mike Hanley, the senior vice president for engineering in Disney’s streaming division, wrote in a note to colleagues, “I have been informed that effective immediately Jeremy Doig is no longer with the company.” Hanley will report to LaBerge. Representatives for Disney didn’t immediately respond to requests for comment. Doig didn’t immediately respond to messages seeking comment.

Doig’s withdrawal comes just days after Iger announced Disney would fire 7,000 employees and establish a new corporate structure, one that returns oversight of the streaming services to the company’s top creative executives. The moves escalated the positions of lieutenants Alan Bergman and Dana Walden, who run entertainment, and ESPN chief Jimmy Pitaro, but strips power from employees such as Rebecca Campbell, head of international content and operations, and Michael Paull, previously the president of Disney streaming.

Disney has announced Campbell will leave at the end of June, while Paull’s fate is the subject of much debate inside the company. When Bergman and Walden previously sent out a memo highlighting their new structure, they made no mention of Paull. They then sent a follow-up note clarifying that he would report to them. Paull doesn’t oversee technology and product anymore, which will now be headed by Bergman, Walden and Pitaro. Paull joined Disney when the company took over BAMTech, a leader in video streaming technology.

Iger has effectively dissolved Disney Media Entertainment & Distribution, a division created by his predecessor Bob Chapek to look after the streaming services. DMED chief Kareem Daniel, a top Chapek lieutenant, left the company last November alongside the ex CEO.

The latest announcements have left thousands of Disney employees uncertain about their fate at the company and how their divisions will function. Most of the employees  have no idea how the job cuts will be distributed, though many assume that employees of DMED and general entertainment will be hit the hardest. And while the programming and marketing for the three primary streaming services have been split up between two separate divisions, the technology employees must continue to work on all three.

Disney appoints executives to lead its metaverse strategy
Credits: The Economics Times

In his own memo to colleagues also seen by Bloomberg, LaBerge said “the past 36 hours have been a whirlwind of events” after Disney reported first-quarter results that beat estimates.

Tags: DisneyLayoffsResignation
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