Disney plans thousands more job cuts, reports say
Disney is planning several thousand more job cuts, with some managers asked to trim costs by up to 20%, CNBC and Deadline reported, citing people familiar with the plans. The cuts would reach TV networks and the film studio under CEO Josh D'Amaro. Disney declined to comment.
AI-assisted · US Brief desk · Sources listed below
What happened
Disney is planning to cut several thousand jobs, and some managers have been asked to reduce costs by as much as 20%, CNBC reported Tuesday, citing people familiar with the plans. Bloomberg first reported the plans. Deadline reported the cuts would hit Disney's TV networks and its film studio. Disney declined to comment to Deadline.
Why it matters
The cuts would come as rivals also shrink. Netflix is cutting about 6% of staff, and the Skydance-led combination of Paramount and Warner Bros. Discovery is targeting $6 billion in cost savings, CNBC reported. Disney executive Dana Walden described the pressure this way: "Technology set their sights on our business, and we must survive and thrive and grow," Deadline reported.
More context
Earlier rounds: Disney cut up to 1,000 jobs, mostly in marketing, in April and about 300 in human resources and technology in September, CNBC reported. Deadline reported that an early-retirement offer has wrapped up and that 100 to 200 people in the Experiences division, mostly Imagineering staff in Glendale, Calif., were let go last week. Disney had about 231,000 employees as of fiscal 2025, according to CNBC.
Who's in charge: Josh D'Amaro succeeded Bob Iger as CEO on March 18, Deadline reported. In an Aug. 5 shareholder letter, D'Amaro and CFO Hugh Johnston wrote, "We remain highly focused on reducing costs across the enterprise," CNBC reported.
What's still unknown: Disney has not confirmed the total number of jobs, which units lose the most, or the timing. Disney reports fourth-quarter results on Nov. 17, when investors may hear more about its cost plans.
2 listed sources
- CNBC, Disney plans thousands of layoffs in latest cost-cutting push, Nov. 3, 2026
- Deadline, Disney plans more layoffs hitting TV networks and movie studio, Nov. 2, 2026
References listed by US Brief; a source count is not a verification score.
Editorial sourcing notes
The layoff plans are reported by CNBC and Deadline, citing people familiar with them, and Bloomberg first reported them; Disney has not confirmed them and declined to comment to Deadline. Totals and timing could change. Both photos are file images.
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