IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Disney Considers Thousands of Job Cuts

Walt Disney is reportedly planning thousands of job cuts and asking managers to achieve a twenty percent reduction in annual costs. CEO Josh Damaro aims to reinvest the savings into film programming, technology, and theme parks.

Xurve View
Insights:
A screen shows the trading information and company logo for The Walt Disney company on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. REUTERS/Brendan McDermid

WALT DISNEY CO is weighing thousands of job cuts and targeting 20% annual cost savings across select operations. The restructuring follows recent workforce reductions, including a 1,000-position cut in April 2025 and 7,000 roles eliminated in 2023. CEO Josh D'Amaro aims to reinvest the savings into film and TV programming, technology, theme parks, and cruise operations.