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Disney Expected to Lay Off Thousands of Staffers in Next Round of Cuts
Variety • • business
Key Points:
- Disney is preparing for a significant round of layoffs in 2026, with some managers instructed to reduce expenses by 20% annually, marking the fourth round of job cuts under CEO Josh D’Amaro.
- The layoffs will be the largest yet and will disproportionately impact certain Disney operations, though specific areas have not been disclosed.
- Savings from the cuts are intended to be reinvested into film and TV programming, technology, and theme parks and cruise ship businesses.
- Recent restructuring efforts include major job cuts across various divisions such as human resources, IT, Pixar, ESPN, and Disney Entertainment Television, along with voluntary early-retirement buyouts for senior executives.
- Disney executives have emphasized ongoing evaluation and restructuring to reduce costs and invest in growth, with further details expected in the company’s upcoming Q4 fiscal 2026 earnings report on November 17.
