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Las Vegas, November 3, 2026 – Walt Disney is considering eliminating thousands of jobs as the entertainment company asks managers to identify ways to reduce annual costs by 20 percent, according to people familiar with the discussions.
The move highlights pressure on traditional media businesses to adapt to a changing market.
The reductions could include workforce cuts and lower operating expenses.
The impact is expected to vary across the company, with theme parks, television networks and the film studio among divisions affected.
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Disney has not disclosed how many positions may be eliminated, and a company representative declined to comment.
Chief Executive Josh D’Amaro intends to direct part of the savings toward film and television programming, technology, theme parks and cruise operations.
Disney has pledged double digit growth in adjusted earnings per share for the current financial year, putting greater emphasis on cost discipline while it continues investing in its businesses.
The initiative follows several rounds of restructuring.
Disney has eliminated thousands of positions and reduced billions of dollars in expenses in recent years, affecting ABC, Pixar, ESPN, its film studio and its experiences division.
The company had about 231,000 employees at the end of its financial year.
The entertainment industry faces declining revenue from traditional television, slower streaming subscriber growth and competition from social media, online video platforms and services backed by technology companies such as Amazon and Apple.
Netflix, Sony Pictures Entertainment, Paramount and Warner Bros. have also cut jobs as they reassess costs and operating structures.
Disney’s challenge is to spend less while shifting resources toward businesses that can attract audiences and generate returns.
Deeper cuts may improve near term margins, but could also strain the creative and operational capacity on which its brands depend.
Disney President Dana Walden said last month that the company must continually assess its structure as technology companies expand into entertainment.
The latest review suggests that process is becoming more urgent.
For employees, further reductions add uncertainty after years of restructuring.
For investors, the question is whether savings can strengthen earnings without weakening the content and experiences that keep Disney competitive.
