The Walt Disney Company is expected to undergo a significant round of layoffs, with some managers reportedly tasked with achieving 20% in annualized cost savings.
The Walt Disney Company is preparing for a significant round of layoffs that could impact thousands of employees, according to reports from Bloomberg News and other outlets.
According to Bloomberg News, some Disney managers have been instructed to cut expenses by 20% on an annualized basis. These measures are expected to involve a combination of job cuts and broader expense reductions. While the exact number of positions to be eliminated has not been officially confirmed by the company, reports suggest the cuts could affect multiple divisions, including TV networks and the motion picture studio.
Disney CEO Josh D’Amaro aims to reinvest a portion of these savings into several key areas, including:
This potential round of cuts would follow several other rounds of job reductions conducted in 2026:
In August, Disney offered voluntary early-retirement buyout packages to U.S.-based employees at the director through EVP levels within the Disney Entertainment, ESPN, and corporate divisions. This offer required a minimum age of 50 and at least 10 years of service.
Disney’s restructuring efforts occur amid broader shifts in the media industry. Competitors such as Netflix have also conducted workforce reductions, including the loss of approximately 1,000 workers last month. The industry is currently facing challenges including the structural decline of traditional television and decelerating streaming subscriber growth.
Disney President and Chief Creative Officer Dana Walden addressed the need for organizational evaluation at a Bloomberg Screentime event, stating, “I think, like all of our similarly situated competitors, and certainly all of our competitors in the tech industry, there is a need to constantly evaluate how you’re structured.”
Disney is working toward a goal of delivering double-digit growth in adjusted earnings per share for the current fiscal year. The company is scheduled to report its fiscal fourth-quarter results on November 17.
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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