Disney eyes thousands of layoffs, seeks 20% savings
The gist
Disney is weighing thousands of job cuts and has asked some managers to target 20% in annual savings.
The cuts would hit a 231,000-person workforce as Disney reinvests part of the savings.
How it unfolded
- Apr 8, 2026A report said Disney planned up to 1,000 layoffs under new CEO Josh D'Amaro, mostly in its consolidated marketing department.
- Apr 14, 2026D'Amaro confirmed layoffs in a memo to employees without naming the divisions affected.
- Oct 1, 2026The Wall Street Journal reported Disney was planning a restructuring of its TV division and cuts at its legal and global affairs unit, with hundreds of TV positions to be eliminated.