Walt Disney Co. is reportedly planning to implement layoffs as part of a broader cost-cutting initiative under the direction of new CEO Josh D’Amaro. The move follows a period of restructuring and aims to streamline operations and invest in digital businesses. The entertainment giant has been navigating challenges related to streaming profitability, box office performance, and increased competition.
What happened
Walt Disney Co. is planning a round of layoffs as part of cost-cutting efforts. The plans for these reductions reportedly began before D’Amaro assumed the CEO role last month.
How many employees affected
Reports indicate that up to 1,000 employees could be affected by the layoffs.
Why layoffs happened
The layoffs are part of a broader effort to cut costs and invest more heavily in digital businesses. Disney has been facing lower profits from streaming compared to traditional television, along with weaker box office returns and increased competition from technology companies. The company is also consolidating operations across divisions.
Company background
Walt Disney Co. is a major entertainment company with operations spanning theme parks, consumer products, and media networks. The company has been undergoing restructuring efforts since Bob Iger returned as CEO in 2022, during which time more than 8,000 jobs have already been eliminated. At the end of its 2025 fiscal year, Disney employed approximately 231,000 people.
Industry impact
The entertainment industry is currently experiencing a shift as companies grapple with evolving consumer habits and new technologies. Disney's actions reflect the broader pressures facing traditional media companies as they adapt to the rise of streaming and increased competition.
What's next
The layoffs are expected to occur in the coming weeks. The company is focusing on consolidating operations and investing in digital businesses.
Source: mynewsla.com