Walt Disney Co. is considering thousands of job reductions as part of a wider effort to control costs. According to people familiar with internal discussions, some managers have been tasked with identifying ways to deliver 20% in annual savings. The plans remain under development and could combine job eliminations with cuts to other operating expenses.
A Bloomberg report said theme parks, television networks and the film studio could face a larger share of the reductions than other parts of the company. CEO Josh D’Amaro plans to put some savings back into film and television programming, technology, theme parks and the cruise business. Disney has also committed to double-digit growth in adjusted earnings per share for the current fiscal year. A company representative declined to comment on the reported plans.
Disney had about 231,000 employees worldwide at the end of its latest fiscal year. The company has already cut thousands of roles and reduced costs in recent years, including across ABC, Pixar, ESPN, its theatrical film studio and its parks and resorts business. Smaller reductions affected human resources and technology earlier in 2026, while a Wall Street Journal report in October described plans to restructure television operations and make further cuts in legal and global affairs.
The latest review comes as traditional television advertising and distribution revenue decline and streaming subscriber growth moderates. Disney is also contending with softer box-office results for recent releases, stronger competition among streaming services, slower growth in international theme-park attendance and the expanding use of artificial intelligence in content creation and production.
The company has not disclosed how many positions might be affected, when cuts could happen or how they would be distributed across its global operations. Managers are expected to complete their reviews before senior leadership determines the program’s scope.
Sources: Cord Cutters News.