ESPN Chairman Jimmy Pitaro's Memo to Staff Regarding Disney Layoffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Businessinsider
Layoffs at Disney: Jimmy Pitaro, chairman of ESPN, addressed staff regarding recent layoffs at Disney, confirming that affected employees have already been notified.
Leadership Changes: The layoffs are the first under new CEO Josh D'Amaro, who took over in March, and were part of a broader restructuring within the company.
Employee Support: Pitaro emphasized the difficulty of the decisions and expressed gratitude towards departing employees for their contributions, assuring them of support during the transition.
Future Outlook: Despite the challenges, Pitaro remains optimistic about ESPN's future, highlighting the importance of strong relationships and commitment to serving sports fans during tough times.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
