Disney Plans to Lay Off Several Thousand Employees
Some managers, in turn, have been tasked with reducing expenses by 20%
Disney's management has instructed some managers to achieve a 20% reduction in expenses; simultaneously, the company is preparing to lay off several thousand employees. Sources at Bloomberg reported this on condition of anonymity, as they were not authorized to discuss the plans publicly.
This will be another round of layoffs after Josh D’Amaro took over as head of Disney. In April, the company announced plans to lay off up to 1,000 employees, primarily in marketing, and in September, around 300 employees from HR and technology divisions.
In August, Disney also introduced an early retirement program for some employees. In the annual financial report, the company stated that as of the end of the 2025 fiscal year, it employed approximately 231,000 people. Disney will publish its next financial report on November 17.
