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Disney Announces New Layoffs Across Multiple Divisions Amidst Industry Shifts
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CNBC TV18•29-09-2026, 22:56
Disney Announces New Layoffs Across Multiple Divisions Amidst Industry Shifts
- •Walt Disney is laying off several hundred employees across various divisions, including human resources and IT departments, according to a Variety report.
- •The layoffs come during a period of significant C-suite changes since Josh D'Amaro became CEO in March, with Paul Roeder appointed as chief communications officer.
- •D'Amaro is navigating Disney through a transformative era marked by artificial intelligence, declining box office revenue, and heightened competition from streaming services.
- •These job cuts follow previous reductions, including approximately 1,000 positions eliminated in April across marketing, studio, television, ESPN, and other corporate functions.
- •Disney also cut 7,000 jobs in 2023 as part of a $5.5 billion cost-saving initiative under former CEO Bob Iger.
Key Questions Answered
Disney is laying off a few hundred employees across several divisions, including human resources and IT departments, as part of ongoing restructuring under CEO Josh D'Amaro.
Disney introduced the Voluntary Early Retirement Offer for eligible senior executives across Disney Entertainment, ESPN, and corporate divisions, providing severance pay, share vesting, and medical coverage.
Disney previously eliminated about 1,000 positions across marketing, studio, television, and tech groups, following a larger reduction of 7,000 jobs in 2023 under former CEO Bob Iger.
