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The Walt Disney Company is looking at eliminating thousands of positions and has asked some managers to target 20% in annual cost savings, according to multiple media reports.
The possible job cuts come as CEO Josh D’Amaro is reportedly facing challenges from growing AI use, weaker box office revenue, mounting competition from streaming challengers and a slowdown in theme park attendance abroad, according to Bloomberg, which first reported the news.
It’s said that some operations within Disney are set to face larger cuts than others. Though, per the reports, D’Amaro plans to reinvest the savings from the cuts into the company’s film and TV programming, technology, theme parks and cruise ship operations. It’s currently unclear how many jobs could be impacted, but Disney employed about 231,000 people at the end of 2025’s fiscal year.
Still, the company has made a number of substantial cuts this year. In fact, just last week, the Walt Disney Company’s theme parks division laid off between 100 and 200 people.
As we reported at the time, the staff cuts followed a regular evaluation of the division’s investments and pending projects. The layoffs impacted those ...