Walt Disney is considering a fresh round of job cuts that could affect thousands of employees as the entertainment giant looks to reduce operating costs, Bloomberg News reported on Monday, citing people
familiar with the matter.
The company has reportedly asked some managers to identify ways to achieve annual cost savings of around 20%, signalling a broader restructuring exercise under CEO Josh D’Amaro.
The proposed cost-cutting measures come amid mounting challenges for Disney, including the growing adoption of artificial intelligence (AI), subdued box office performance, intensifying competition in the streaming business and slower international attendance at its theme parks.
According to the Bloomberg report, the impact of the restructuring is likely to vary across business divisions, with some operations facing a larger share of the reductions. Disney plans to channel part of the savings back into strategic areas, including film and television content, technology, theme parks and its cruise ship business.
The report did not specify the number of employees who could lose their jobs. Disney had approximately 231,000 employees at the end of fiscal 2025.
The latest reported restructuring follows several rounds of workforce reductions as Disney seeks to strengthen profitability and streamline its operations.
In September, Reuters reported that the company was laying off a few hundred employees across its human resources and technology divisions. Disney had also eliminated around 1,000 positions in April, following several hundred job cuts in 2025.
The company undertook a much larger restructuring exercise in 2023, eliminating approximately 7,000 jobs as part of a broader plan to reduce costs by $5.5 billion under former CEO Bob Iger.
Disney is not alone in pursuing workforce reductions across the entertainment industry. Streaming giant Netflix and Skydance, which acquired Warner Bros Discovery earlier this year, have also undertaken job cuts as media companies look to contain expenses and improve financial performance.
