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Disney reportedly cuts hundreds of jobs across HR, technology
Fox Business • • business
Key Points:
- Disney is laying off a few hundred employees across its human resources and technology departments, continuing a series of workforce reductions earlier this year.
- These layoffs follow previous cuts in April and July affecting marketing, studio, TV divisions, ESPN, Pixar, and other corporate functions.
- The company also offered voluntary early retirement packages in August to longtime executives aged 50 and above with at least 10 years of service, including benefits such as separation pay and healthcare support.
- The layoffs and restructuring occur amid CEO Josh D'Amaro's leadership transition and challenges including AI advancements, declining box office revenue, and increased streaming competition.
- Disney employed approximately 231,000 people at the end of fiscal year 2025, with around 172,000 in the U.S. and 59,000 internationally, following a previous cut of 7,000 jobs in 2023 aimed at saving $5.5 billion.
