The Walt Disney Company is planning a significant workforce reduction involving several thousand employees, according to sources familiar with the matter. Some managers have received directives to cut costs by as much as 20%, indicating the scope of the restructuring effort across the company.
This represents the latest in a series of reductions announced since CEO Josh D’Amaro assumed leadership earlier this year. The company previously announced plans to eliminate as many as 1,000 positions in April, primarily within the marketing division, followed by another round affecting approximately 300 employees in September, concentrated in human resources and technology sectors.
Disney leadership signaled the possibility of additional workforce reductions during an August earnings presentation. In communications to shareholders and employees that month, executives indicated the company was in the process of evaluating various cost reduction measures to free up resources for growth investments. The company also introduced an early retirement program for certain employees as part of its broader restructuring strategy.
The company employed approximately 231,000 workers at the conclusion of its fiscal year 2025, ended in September of that year. Disney’s workforce reduction efforts are part of a broader trend in the entertainment sector, as other major companies pursue similar cost-reduction strategies. Netflix announced last month plans to reduce its workforce by roughly 6%, while Skydance—the combined entity of Paramount and Warner Bros. Discovery—is expected to cut staff to achieve $6 billion in operational synergies over three years.
Disney is scheduled to report its fiscal fourth-quarter earnings results on Nov. 17.
Article Attribution | Read More at Article Source
Article summary produced by Claude AI