Disney prepares thousands of layoffs, aims to cut costs by 20%

Disney is preparing for a major wave of layoffs, with some executives being asked to cut expenses by 20%. Bloomberg reports it, specifying that the company has not commented on the indiscretion.

Citing sources, Bloomberg reports that some divisions "will be disproportionately affected", without providing details on which areas will suffer the biggest cuts. According to the report, new CEO Josh D'Amaro "aims to reinvest some of the savings in film and television programming, technology, and the theme park and cruise ship sectors."

For the group, it would be the fourth round of staff cuts in 2026 under D'Amaro's leadership, this time the most significant. In late September, Disney laid off a few hundred employees, mostly in its human resources and IT departments, both company-wide and within different divisions. In July, Disney made staff cuts, eliminating several hundred jobs across some corporate functions, including Pixar, ESPN, Disney Entertainment Television and Disney studios. And in April, the production company eliminated approximately 1,000 positions, primarily as a result of D'Amaro's creation of a consolidated corporate marketing division under the leadership of Asad Ayaz, head of marketing and brand.