Disney Considers Thousands of Job Cuts in Cost Review

The Walt Disney Company is considering thousands of job cuts as part of a broader cost-reduction effort, according to people familiar with internal discussions cited in reports. The company has not announced a layoff total or confirmed a timetable, and it declined to comment on the reported plan. Some managers have reportedly been asked to identify annual savings of up to 20%. That figure refers to a cost-saving goal for certain managers, not a proposed reduction of 20% of Disney’s workforce or a companywide staffing target. The savings could come from job cuts, other expense reductions, or both. The reported discussions do not establish which divisions would be affected or how many positions might be eliminated. Disney’s operations include television networks, film studios, theme parks and cruise ships. The company employed about 231,000 people worldwide at the end of fiscal 2025. Chief Executive Josh D’Amaro and Chief Financial Officer Hugh Johnston said in an Aug. 5 shareholder letter that Disney was evaluating cost reductions, including labor and selling, general and administrative expenses. They described the work as ongoing and said the aim was to create capacity for...