Disney Reportedly Planning for Its Largest Layoff Round of 2026

Disney is reportedly preparing to cut thousands of jobs as part of a broader plan to reduce annual costs by 20 percent, according to Bloomberg. Sources familiar with the plans told the outlet that layoffs would be among several steps to lower expenses. The cuts wouldn’t fall evenly across Disney’s businesses, which include theme parks, television channels and movie studios. CEO Josh D’Amaro plans to put some of the savings into film and TV programming, technology, theme parks and the cruise ship business, the sources said. Disney didn’t publicly comment on the report. The layoffs would be Disney’s fourth round of job cuts in 2026 under D’Amaro and would affect the largest number of employees. The company has also been planning a major overhaul of its TV operations that would eliminate hundreds of jobs and combine divisions, The Wall Street Journal reported last month. Earlier cuts reached several parts of the company. In April, Disney eliminated about 1,000 roles, mainly as a result of D’Amaro’s creation of a combined companywide marketing division led by Asad Ayaz, chief marketing and brand officer, according to Variety. Several hundred more jobs were cut in July across certain co...