The Walt Disney Company is reportedly considering thousands of additional layoffs as the entertainment giant looks to reduce operating expenses and redirect investment toward its film, television and technology businesses.
According to Bloomberg, Disney has asked some managers to identify potential annual cost savings of 20%, although the reductions would not necessarily apply equally across the company.
The proposed savings could come through employee layoffs, operational changes and other expense reductions.
Disney CEO Josh D'Amaro is overseeing the effort as the company confronts increased streaming competition, shifting theatrical revenue, artificial intelligence and changing consumer behavior.
The company employed approximately 231,000 people at the end of fiscal 2025.
Disney has already eliminated thousands of positions in recent years, including approximately 7,000 jobs announced under former CEO Bob Iger in 2023.
Additional reductions have affected technology, human resources and theme park operations.
While Disney reportedly intends to reinvest some of the savings into content production, technology, theme parks and cruise operations, the potential consequences for entertainment workers remain significant.
Hollywood has experienced widespread job losses as studios and streaming companies reconsider production spending and restructure their businesses.
For writers, producers, technicians and other creative professionals, continued consolidation and cost-cutting can mean fewer employment opportunities and greater competition for available projects.
The developments also raise questions about how major studios will balance investment in original storytelling against their efforts to improve profitability.
Disney has not publicly confirmed a final number of proposed layoffs or identified all divisions that could be affected.
The company's next earnings report is scheduled for November 17, when investors may seek additional information about its restructuring plans.
