The Walt Disney Co. begins laying off 1,000 employees

The Walt Disney Co. on Tuesday began layoffs expected to lead to 1,000 job cuts across the company.

Josh D'Amaro, who in February succeeded Bob Iger as chief executive, announced broader layoffs following a move in January to consolidate Disney's marketing division. The cuts are expected to fall across the Burbank, California-based company's traditional television businesses, including ESPN, as well as its movie studio. Employees in product and technology, and in certain corporate functions will also be affected...