Business · Companies · 1 hr ago
Disney plans to lay off several thousand employees
Disney plans to lay off several thousand employees as it cuts costs and reorganizes the company.
The planned cuts would be the latest since Josh D’Amaro became CEO earlier this year.
Disney announced plans to cut up to 1,000 jobs in April and cut about 300 more in September, mainly in human resources and technology.
Some managers have reportedly been asked to cut costs by up to 20%, while the company has also offered early retirement to some employees.
Disney had about 231,000 employees at the end of its 2025 financial year, and other entertainment companies, including Netflix, are also reducing staff.
Disney is due to report its fourth-quarter results on November 17, and it says the cost-cutting process is continuing.
Disney plans to lay off several thousand employees as part of efforts to cut operating costs and reorganize the company.
Some managers have reportedly been asked to cut costs by as much as 20%, according to sources who asked not to be identified.
The plan follows staff reductions announced in April and September 2026.
Disney had about 231,000 employees at the end of fiscal 2025.
The company is scheduled to report fourth-quarter fiscal 2026 results on November 17.
- Who
- Walt Disney plans the layoffs.
- What
- The company plans to lay off several thousand employees as part of cost-cutting and organizational changes.
- When
- The report was published on November 4, 2026. The timing of the planned layoffs was not stated.
- Where
- Not stated.
- Why
- Disney is seeking to reduce operating costs and reorganize its structure.
This story does not have two clearly opposing sides.
Disney announced plans to cut up to 1,000 jobs, mainly in marketing.
D'Amaro and Johnston told shareholders that Disney was focused on reducing costs and evaluating possible actions.
Coleman told employees that organizational changes included involuntary job cuts that had begun in some areas and would continue into the following year.
Disney cut about 300 jobs, mostly in human resources and technology.
CNBC Indonesia reported that Disney planned to lay off several thousand employees.
- Planned layoffs
- Several thousand employees
- Manager cost-cut requests
- Up to 20%
- April job-cut plan
- Up to 1,000 employees, mainly in marketing
- September job cuts
- About 300 employees, mostly in human resources and technology
- Disney workforce
- About 231,000 employees at the end of fiscal 2025
- Upcoming results
- Fourth-quarter fiscal 2026 results scheduled for November 17
What people are saying
We remain very focused on reducing costs across the company to create additional capacity that can be used for growth investments. We are also evaluating various actions we can take.
This is one of several actions we are taking to reshape the organization, including involuntary workforce reductions that have begun in some parts and will continue into next year.