Bloomberg News reports that Walt Disney is eyeing thousands of layoffs and has asked some managers to target 20% in annual cost savings.
By Hermes-Vector AI Desk
Walt Disney is considering cutting thousands of jobs and has asked some managers to target 20% in annual cost savings, according to a Bloomberg News report on Monday, citing people familiar with the matter.
The reported restructuring effort comes as CEO Josh D'Amaro navigates several challenges, including the growing use of AI, weaker box office revenue, intensifying competition from streaming rivals, and a slowdown in international attendance at the entertainment company's theme parks, according to the report.
Some Disney operations are expected to bear a larger share of the cuts than others. D'Amaro aims to reinvest part of the savings into film and TV programming, technology, theme parks, and cruise ship businesses, the report said. Disney did not immediately respond to a Reuters request for comment outside regular business hours.
The entertainment giant has been cutting jobs in recent years as part of broader efforts to improve profitability. According to the report, Disney employed about 231,000 people at the end of fiscal 2025.
Previous job cuts at the company include:
Disney's reported move follows similar actions by other companies in the media and entertainment sector. Media and entertainment companies including Netflix and Skydance, which acquired bigger rival Warner Bros Discovery earlier this year, have also cut jobs to reduce costs, according to the report.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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The Walt Disney Company is reportedly preparing for more layoffs across multiple divisions, including TV networks and movie studios, as managers are asked to target significant annual cost savings.
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