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Disney planning to lay off thousands: Report

By
FOX Local
Business
Published November 4, 2026 9:31 AM CST
Published November 4, 2026 9:31 AM CST
article

The Walt Disney logo is displayed on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City. Stocks continued to rise at opening a day after the Dow Jones closed over 500 points amid a release of the late

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The Brief

    • The Walt Disney Co. is planning to cut thousands of jobs with a goal of targeting 20% in annual cost savings, according to a report.
    • According to Bloomberg, the entertainment giant is looking at achieving its cost-saving goal through job cuts and reducing expenses.
    • The Walt Disney Co. employed 231,000 people at the end of the last fiscal year.

The Walt Disney Co. is planning to cut thousands of jobs with a goal of targeting 20% in annual cost savings, according to a report. 

According to a report by Bloomberg, the entertainment giant is looking at achieving its cost-saving goal through job cuts and reducing expenses.

By the numbers:

The Walt Disney Co. employed 231,000 people at the end of the last fiscal year.  CNBC reports that some managers have been asked to reduce costs by 20%.

The backstory:

In April, Disney eliminated about 1,000 positions across the company's marketing group, which had been reorganized with some job cuts in January, as well as in other parts of the company including its studio and TV divisions, ESPN, products and technology and certain corporate functions.

Disney reportedly laid off several hundred employees in July, including at Pixar, ESPN, Disney Studios and Disney Entertainment Television.

In August, the company offered voluntary early retirement packages to longtime executives amid a restructuring push.

The Source: This article includes information from Bloomberg and previous FOX Local reporting.  This story was reported from Orlando.

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