Disney plans extensive round of layoffs in the coming weeks [Los Angeles Times (CA)]
Walt Disney Company (The) (DIS)
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Source: Los Angeles Times
The layoffs add to Hollywood's ongoing workforce reductions, with Sony Pictures also announcing significant cuts as media companies restructure amid industry-wide pressures. Walt Disney Co. is planning an extensive round of layoffs in the coming weeks, according to a source familiar with the matter but unauthorized to comment. The move comes after Disney's board and newly installed Chief Executive Josh D'Amaro unveiled a more streamlined management structure that sought to centralize its sprawling marketing operations. Disney declined to comment. The total number of layoffs could be as many as 1,000, according to the Wall Street Journal, which first reported news of the planned cuts Many of the layoffs are expected to come from the recent consolidation of Disney's marketing department. After taking the reins last month, D'Amaro told employees he wants the Burbank media and entertainment giant — which includes film and TV studios, a tourism division, streaming services and
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DIS
Earnings
- 2/2/26 - Beat
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Sec Filings
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- 4/2/26 - Form 4
- DIS's page on the SEC website