Josh D'Amaro has been named as the new CEO of the Walt Disney Co. following Bob Iger's departure. The 55-year-old veteran of Disney, who has a deep understanding of its legacy and legacy, is expected to take over from Iger who had previously flip-flopped about stepping down multiple times and returned in 2022. Despite these challenges, D’Amaros has been positively received by Wall Street, employees, and business public, with plans to lay off up to 1,000 employees across film, TV and streaming departments. He also faces challenges in the future, including a potential loss of 20% of its workforce to Epic Games, the video game company in which Disney invested $1.5 billion.