Disney Weighs Laying Off Thousands and Cutting Management Costs

On November 5, 2026, Bloomberg reported that The Walt Disney Company is considering cutting thousands of jobs and has asked some management to set annual cost-reduction targets of up to 20%. According to a TravelDaily China report that day, the adjustment involves multiple business segments including theme parks, television networks and film studios, and Disney declined to comment. The report said new CEO Josh D'Amaro plans to reinvest some of the savings into film and television content production, technology research and development, and the theme park and cruise businesses. As of the end of the previous fiscal year, Disney's global workforce was about 231,000, and previous rounds of restructuring had already eliminated thousands of positions. The plan is still in the works, and Disney has not officially confirmed a specific number of layoffs or an implementation timeline.