Disney plans thousands of layoffs targeting 20% cost savings

Summarised from 3 outlets · Updated 3 Nov, 14:47 · Archive

Disney is considering cutting thousands of jobs and asking managers to target 20% annual cost savings.

Walt Disney is considering cutting thousands of jobs and has asked some managers to target 20% in annual cost savings, according to Bloomberg News reported on Monday. The reported restructuring effort comes as CEO Josh D'Amaro navigates 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.

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 did not specify how many jobs could be affected, though Disney employed about 231,000 people at the end of fiscal 2025.

The entertainment giant has been cutting jobs in recent years. Reuters reported in September that Disney was laying off a few hundred employees across human resources and technology divisions. The company cut about 1,000 positions in April and 7,000 roles in 2023 as part of efforts to save $5.5 billion in costs under former CEO Bob Iger.

Disney plans thousands of layoffs targeting 20% cost savings — Image: New York Post

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How it is being reported

Disney plans several thousand layoffs, asks some managers to cut costs by up to 20%Disney expects to lay off several thousand employees in the latest round of job cuts for the entertainment giant.CNBC · 3 Nov, 15:51
Disney eyes thousands of layoffs, asks managers to target 20% savings: reportWalt Disney is considering cutting thousands of jobs and has asked some managers to target 20% in annual cost savings, Bloomberg News reported on Monday, citing people familiar with the matter.New York Post · 3 Nov, 14:34
Disney plans thousands of layoffs while targeting 20% cost savingsSome of the company's operations, ranging from theme parks, TV network and a movie studio, will be affected disproportionately.The Japan Times · 3 Nov, 03:20

In this story: Disney · Josh D'Amaro · Bob Iger

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