The Walt Disney Company is preparing to eliminate as many as 1,000 positions in the coming weeks, according to reports from the entertainment giant.

The planned workforce reduction comes under the leadership of new CEO Josh D'Amaro, who recently took the helm of the media and entertainment conglomerate. The layoffs represent part of ongoing corporate restructuring efforts at Disney.

The job cuts will affect various divisions across the company, though specific departments and timelines have not been publicly detailed. Disney has not officially commented on the exact number of positions being eliminated or the criteria for the reductions.

The entertainment industry has faced ongoing challenges in recent years, with streaming competition and changing consumer viewing habits affecting traditional media companies. Disney, like many large corporations, has been evaluating its workforce and operational efficiency as part of broader cost management initiatives.

The layoffs add Disney to a growing list of major companies implementing workforce reductions as economic pressures continue to influence corporate decision-making across multiple industries.