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What Disney CEO Josh D’Amaro told staffers as the company starts a new round of layoffs

Disney CEO Josh D’Amaro just told employees that the Mouse House is laying off staffers less than a month into his tenure.

The cuts come after Disney unified its enterprise marketing and brand teams, D’Amaro said in a Tuesday morning memo obtained by Business Insider.

“Those that will be leaving us have done meaningful work here and care deeply about this company,” D’Amaro said in the memo. “These decisions are not a reflection of their contributions, or of the overall strength of the company.”

D’Amaro expressed confidence in the company’s trajectory.

“Despite these difficult decisions, I remain optimistic about where we’re headed as a company,” D’Amaro said.

Read the full memo from D’Amaro here:

Dear Fellow Employees & Cast Members,
We have experienced a great deal of change these last few years, both at the company and across our industries. Knowing firsthand how these moments can bring uncertainty, I want to be open about some difficult news that will be communicated this week.
In January, we announced our unified enterprise marketing and brand organization, designed to serve consumers in an even more connected way. Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney. Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically enabled workforce to meet tomorrow’s needs. As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.
I know this is hard. Those that will be leaving us have done meaningful work here and care deeply about this company. These decisions are not a reflection of their contributions, or of the overall strength of the company. Rather, they reflect our continual evaluation of how to more effectively manage our resources and reinvest in our businesses. Compassion and respect remain at the heart of our company. As we move forward through this transition, our priority is to support those impacted and help each person navigate what comes next with resources, guidance, and direct support.
Despite these difficult decisions, I remain optimistic about where we’re headed as a company. I’m deeply grateful for all of your contributions and for the dedication, professionalism, and care you bring to your work each day. Even in challenging moments, you continue to demonstrate what makes Disney so special.
Josh




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A GoFundMe for laid-off Washington Post staffers crossed $130K in a few hours and drew a big donation from Kara Swisher

Money is pouring in for workers impacted by Wednesday’s layoffs at The Washington Post.

As of writing, over 1,000 supporters had donated more than $130,000 combined to a GoFundMe page set up for let-go journalists.

The fundraising push, launched just a few hours after company executives began cutting workers, was set up by Post reporter Rachel Siegel and the newsroom’s union. Its top donor, tech journalist and former Post employee Kara Swisher, gave $10,000.

Swisher, who recently made a push to buy the Post from its billionaire owner, Amazon founder Jeff Bezos, wrote on Threads that she had the means to “donate a decent chunk of dough to these hardworking employees,” and urged others to follow.

Other top donors appeared to be former Washington Post staffers, such as Eugene Robinson and Fred Barbash.

The Post’s haul, and the speed at which it drew in six figures, make it an outlier among media layoff fundraisers. Laid-off staffers at Vox Media pulled in about $7,000 in their January GoFundMe, while Teen Vogue got about $41,000 after November layoffs.

“Post Guild members have come together to support their colleagues with this GoFundMe,” said a spokesperson for the Washington Baltimore News Guild, which represents the paper’s union. The spokesperson blamed “inexcusable business decisions of top Post leadership” for the cuts.

“The Washington Post is taking a number of difficult but decisive actions today for our future, in what amounts to a significant restructuring across the company,” a Post spokesperson said in a statement on the layoffs. “These steps are designed to strengthen our footing and sharpen our focus on delivering the distinctive journalism that sets The Post apart and, most importantly, engages our customers.”

The Post’s layoffs, which its newsroom union said impacted hundreds of workers, were designed to trim costs and refocus its efforts around a smaller set of coverage areas, executive editor Matt Murray told employees over Zoom on Wednesday morning.

The company is shutting down its podcast, “Post Reports,” and letting go of journalists focused on sports, books, and foreign affairs. It’s restructuring its D.C. metro coverage, and investing in areas like politics and national security that “demonstrate authority, distinctiveness, and impact,” Murray wrote in a memo to staff, viewed by Business Insider.

“Today is about positioning ourselves to become more essential to people’s lives in what has become a more crowded, competitive, and complicated media landscape,” Murray told staffers during the call. “For too long, we’ve operated with a structure that’s too rooted in the days when we were a quasi-monopoly local newspaper.”




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Paramount+ got about 1 million new subscribers the day of its first UFC event, an exec told staffers

UFC is already a hit for Paramount+.

Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.

A Paramount spokesperson said: “Those numbers are unverified, and it’s against our policy to share speculative data externally.”

In August, Paramount did a deal with UFC parent TKO that will see it pay $7.7 billion to secure UFC rights in the US for seven years.

Glasgow said at the town hall that Saturday was the second-largest day of sign-ups ever for its streamer, and that UFC 324 was the second-most-streamed sporting event on the service, according to two employees.

Notably, Paramount made its UFC matches available for anyone with a Paramount+ subscription, which starts at $8.99 a month. Before the Paramount deal, many UFC matches were only on pay-per-view for around $80 each.

Paramount previously announced that its UFC broadcast had just under 5 million average viewers for the main card. Paramount CEO David Ellison told staffers in an email that it was “the largest-ever exclusive live event for Paramount+.” The streamer has drawn larger audiences to other non-exclusive live events, including NFL games that ran on both Paramount+ and CBS.

“This record-breaking performance is, above all, a testament to the extraordinary teamwork across our entire company,” Ellison told employees in his memo, which was obtained by Business Insider.


UFC champ

Paramount’s UFC event, which saw Justin Gaethje emerge victorious, was highly viewed, the company told employees.

Chris Unger/Zuffa LLC



For context, Netflix’s Jake Paul vs. Mike Tyson fight added about 1.4 million US subscribers to that service in November 2024, according to the subscription data firm Antenna. The firm only tracks US data.

Antenna estimated that Paramount+ reeled in an estimated 3.2 million new US customers when it hosted the Super Bowl in 2024.

Read Ellison’s full memo to employees below:

Team,

A huge congratulations to everyone who contributed to the success of our first UFC event on Paramount+! Several members of our leadership team and I were cageside Saturday night, and we were completely blown away by the experience and by the intensity, skill and heart on display across the card. We left the T-Mobile Arena in Las Vegas more excited and energized than ever about our partnership with Dana White and the entire TKO/UFC team.

I’ve heard from several executives at TKO/UFC, and they also could not be more pleased with how everything came together. It was a fantastic start to our 7-year partnership!

While we went into the weekend with high expectations, I’m thrilled to share that we exceeded them, reaching nearly 5 million streaming views — the largest-ever exclusive live event for Paramount+. And the actual audience was likely even higher, given how common co-viewing is among UFC fans.

This record-breaking performance is, above all, a testament to the extraordinary teamwork across our entire company. Every single business unit, division and team — from Paramount+, Paramount Pictures and CBS to MTV, BET, Nickelodeon and Pluto, as well as Marketing, Social, Ad Sales, Technology, Events and more — came together, rolled up their sleeves and got creative. The incredible power of Paramount One to reach the broadest possible audience was on full display companywide, and UFC 324 stands as our strongest example yet of what we can achieve when we all work together toward a common goal.

Again, hats off to everyone. With nearly 5 million streaming views and record-breaking engagement, UFC 324 set the bar high, and we can’t wait to keep the momentum going at UFC 325 next weekend in Sydney!

Let’s go!

David




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Bari Weiss fielded tough questions from CBS News staffers about political bias and the network’s future at a town hall

CBS News employees put top editor Bari Weiss in the hot seat during an all-hands meeting on Tuesday, asking about her vision and standards for the nearly century-old broadcast network.

The first question in the Q&A part of her town hall asked how she would respond to criticism that CBS News is turning into “a right-wing network” under her leadership.

“I’m here to do one thing. It’s not to be a mouthpiece for anybody. It’s simply to be a mouthpiece for fairness and the pursuit of truth,” Weiss said at the all-hands meeting, according to a recording obtained by Business Insider.

Weiss, who became the editor in chief of CBS News in October after Paramount Skydance CEO David Ellison bought her opinion site The Free Press, asked staffers to examine the coverage since her appointment.

“There’s a lot of noise out there, but I would just urge anyone who suggests that to look at our work and judge for yourself,” she said.

Weiss was then asked how the network’s news-gathering standards had changed since she took over.

“I don’t think our standards have changed,” she said, adding that the network was “in very capable hands” regarding editorial standards.

Weiss said she ‘was not pressured’ to hold the ’60 Minutes’ segment

Weiss caused a stir in December for a late-hour decision to delay a “60 Minutes” segment about the Trump administration deporting migrants to the CECOT prison in El Salvador. Critics questioned her commitment to hard-hitting journalism and wondered whether Paramount leadership was influencing editorial decisions at CBS News — a notion that Weiss strongly denied on Tuesday.

“I want to just say this as plainly and clearly as possible. I was not pressured by David Ellison or anyone else,” Weiss said during the town hall. Weiss acknowledged that delaying the segment after commercials had already run for it was bad timing.

“I didn’t know the screening schedule for every single thing, that specific logistical nightmare,” she said. “That’s never going to happen again. So please rest assured that nothing of that kind is ever going to happen again. You have my promise.”

That said, she added that “asking for more information” and “trying to go back to a source” for a comment was an editorial policy she wanted to prioritize to build trust with audiences, as she explained in a December memo to employees.

“I felt it was important to do our best to try and get a voice from the administration, and I’m always going to be pushing for that,” Weiss said.

Weiss had little experience in traditional TV before joining CBS News. Instead, she became known in 2020 for her dramatic exit from The New York Times, during which she alleged anti-conservative bias. Her next move, starting The Free Press, turned out to be lucrative when Ellison bought it for $150 million in October.

‘Loving America is not about jingoism’

On Tuesday, Weiss was also asked about her core values, including what one of the new guiding principles for CBS Evening News — “We Love America” — means for journalists.

“Loving America is not about jingoism. It’s not about blind patriotism,” Weiss told employees. “It’s about vociferous defense of the principles and values that have made this country exceptional and that allow us to do the work that we do. And so anyone that disagrees with that, I’d love to have a conversation with you.”

When asked whether “CBS Mornings” would undergo another shake-up, Weiss noted that it had already undergone a major change, with longtime anchor Tony Dokoupil moving to the evening show.

“Speculation about Gayle King seems to be a favorite parlor game of a lot of newspapers and people in this building, and I just want everyone here to know that she’s absolutely beloved and see her long into the future here at CBS,” Weiss said.

A shift to a ‘streaming mentality’

In prepared remarks, Weiss said that CBS News needed to “shift to a streaming mentality immediately” and that if the broadcast network stuck mainly to its linear TV strategy, “we’re toast.”

When asked about staffing or potential layoffs at CBS News, Weiss said that she couldn’t make any promises amid a “tsunami of technological change.”

“I can’t stand up here and tell you that in a moment of incredible transformation that that’s not going to mean transformation of our workforce,” Weiss said. She added that CBS News is “also hiring people to suit that.”

On Tuesday, CBS News announced 19 new contributors to the network, including writers and podcasters like Coleman Hughes and Derek Thompson.

Weiss said that if she didn’t believe digital revenue could eventually replace linear TV revenue, she “wouldn’t be standing here.” She said that linear TV wouldn’t go away, but that revenue would “decline sharply, as will the audience.”

“What winning looks like writ large for this company is building incredible journalism for audiences that are so much bigger than the one that we currently have and are maintaining on linear,” Weiss said. “That’s what winning looks like. It’s really simple.”

Have a tip or thoughts on Bari Weiss’ strategy for CBS News? Contact this reporter via email at jfaris@businessinsider.com or Signal at @jamesfaris.01. Use a personal email address and a nonwork device; here’s our guide to sharing information securely.




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