Disney is gearing up for a significant round of layoffs, with some managers told to cut annualized expenses by 20%, Bloomberg News reported.
\n\nIt would be the fourth round of job cuts in 2026 under Disney CEO Josh D’Amaro and affect the most number of staffers. The Bloomberg report, which cited anonymous sources, said some Disney operations “will be affected disproportionately,” but it did not provide details on which areas would suffer the brunt of the cutbacks. D’Amaro “aims to reinvest a portion of the savings into film and TV programming, technology and the theme parks and cruise ship businesses,” per the report.
\n\nDisney has been planning a major restructuring of its TV division, which would eliminate hundreds of jobs and consolidate divisions, the Wall Street Journal reported last month.
\n\nDana Walden, Disney’s president and chief creative officer, addressed the most recent Disney layoffs at the Bloomberg Screentime event last month.
\n\n“I think, like all of our similarly situated competitors, and certainly all of our competitors in the tech industry, there is a need to constantly evaluate how you’re structured,” Walden said.
\n\nShe later said, “This past round was a voluntary retirement program, which was extremely generous and gave a…
Original source: https://variety.com/v/tv/