The Walt Disney Company has not announced a new layoff count, but Bloomberg reported Monday that Disney is considering thousands of job cuts as some managers were asked to target 20% in annual cost savings.
Bloomberg cited people familiar with the matter. The 20% figure was described as a request to some managers, not a companywide savings goal; the report gave no calculation base, timetable or list of units that could be affected. Reuters, which relayed the account, said it could not immediately verify it.
Disney's public account of its cost review came in an Aug. 5 shareholder letter. CEO Josh D’Amaro and CFO Hugh Johnston said the review covered labor and selling, general and administrative expenses. They wrote, “We remain highly focused on reducing costs across the enterprise to create incremental capacity to invest for growth.” The executives described the work as still in progress; the letter did not mention the reported target or any additional layoff total.
A separate part of the Aug. 5 materials projected adjusted earnings-per-share growth of about 12% excluding the fiscal year's 53rd week and about 16% including it. Disney did not connect those estimates to the reported request for cost savings.
The Los Angeles Times reported Oct. 28 that Disney was laying off between 100 and 200 people in its Experiences division after assessing investment plans and project schedules. The unit operates the company's theme parks, cruise line and Aulani resort. That account provides no indication of how any broader reductions might be distributed across Disney.
Disney's 2023 restructuring aimed to eliminate about 7,000 positions and deliver $5.5 billion in savings, then-CEO Bob Iger said on an earnings call. Disney reported approximately 231,000 employees as of Sept. 27, 2025, in its fiscal 2025 filing.
Its investor-relations calendar lists a fiscal 2026 fourth-quarter earnings webcast for Nov. 17.
