nuNov 3, 2026, 16:44

Disney plans 20 percent cost cuts and potential thousands of job losses

Disney is aiming to cut costs by 20 percent through a broad reduction of its workforce and operational expenses. The company intends to use the resulting savings to reinvest in its core areas like media production, technology, and theme parks.

The Walt Disney Company has announced plans to reduce its overall costs by 20 percent, a strategy that is expected to include significant workforce reductions. While the company has not yet disclosed specific departments or total headcount numbers impacted by this initiative, management is currently conducting a thorough review of operations to identify areas for potential savings.

These austerity measures are designed to provide financial flexibility for reinvestment into core business sectors, including film production, television content, technological innovation, theme parks, and cruise operations. This move follows previous restructuring efforts in 2023, where 7,000 jobs were cut, and ongoing staff reductions throughout the current year. At the close of the 2025 fiscal year, the entertainment giant maintained a global workforce of approximately 231,000 employees. Disney has not provided further details regarding the scope or timeline of these upcoming layoffs.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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