Disney Considers Thousands of Job Cuts, Report Says

The Walt Disney Company is considering thousands of job cuts as it reviews costs, according to a report based on people familiar with the discussions; Disney has not announced a new layoff total and declined to comment. The report said some managers had been asked to identify ways to reduce annual costs by as much as 20%. That figure describes targets given to some managers, not a stated companywide savings goal. The report did not identify which divisions would face reductions or how many positions could be affected. Disney Chief Executive Josh D’Amaro and Chief Financial Officer Hugh Johnston said in an Aug. 5 shareholder letter that the company was evaluating reductions in labor and selling, general and administrative expenses. They said the review was intended to create capacity for growth investment and remained in progress. The letter did not refer to the reported 20% target or give a new layoff count. Disney has made workforce reductions during 2026. Reports described about 1,000 roles eliminated in April, several hundred in July and a few hundred more in September, largely in human resources and technology. The reductions have affected corporate functions and parts of...