Disney eyes thousands of layoffs, asks managers to target 20% savings, Bloomberg News reports

What happened

Bloomberg News reported that Walt Disney is considering cutting thousands of jobs and has asked some managers to target 20% in annual cost savings. Disney, which employed about 231,000 people at the end of fiscal 2025, did not respond to a Reuters request for comment.

Confirmed

Global impact / market context

A 20% savings target means Disney would try to spend one-fifth less in areas managers oversee, which could lower costs but also reduce staff. CEO Josh D'Amaro aims to reinvest part of the savings into film and TV programming, technology, theme parks and cruise ships, which means some money could return to growth areas.

Analyst inference

Disney faces weaker box office revenue, more competition from streaming rivals, growing use of AI and slower international theme park attendance. The company has already cut jobs in recent years, including 7,000 roles in 2023 to save $5.5 billion, so this reported effort continues a push for higher profit.

Analyst inference

What to watch

1. Disney said it employed about 231,000 people at the end of fiscal 2025, so any confirmed layoffs would show how deeply the reported cost cuts reach into that workforce. Confirmed
2. Managers were reportedly asked to target 20% in annual cost savings, so watch whether Disney confirms that figure and which operations are expected to bear a larger share of cuts. Proposed
3. D'Amaro reportedly aims to reinvest part of the savings into film and TV programming, technology, theme parks and cruise ships, so watch whether that spending appears while costs fall. Analyst inference

Evidence

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