Disney Prepares Layoffs of Thousands; Managers Asked to Aim for 20% Cost Savings

In depth

According to Bloomberg, which was also reported by Calcalist and Ynet, Disney is considering laying off thousands of employees, and has asked division managers to set a target of 20% savings in annual expenses. According to Walla, the reasons include falling film revenues, a slowdown in the number of park visitors and growing competition in streaming.

According to Ice, CEO Josh D'Amaro instructed the senior management team to set the savings target. According to Bizportal, the cuts are expected to affect some activities more than others, and its head is seeking to direct part of the savings to content, technology, parks and cruise operations. According to N12, this will be the entertainment giant's fourth round of layoffs in 2026.