As Disney gears up for its CinemaCon panel, CEO Josh D’Amaro announced significant layoffs across all divisions, impacting approximately 1,000 employees or about 8% of Marvel Studios’ workforce. The layoffs have affected various sectors, including publishing, legal, and finance, with the visual development team facing the brunt of the cuts. This team, crucial to the visual identity of Marvel’s films, has reportedly seen nearly all members let go, downsizing to just a few overseeing outside contractors.
The layoffs reflect Disney’s restructuring efforts amidst changing production plans. D’Amaro emphasized that these actions aim to manage and reinvest resources more effectively. The future handling of the visual development team’s responsibilities remains uncertain, given their key role in shaping the Marvel Cinematic Universe.
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