Disney Orders Managers to Target 20% Cost Cuts

Overview

• Citing Tuesday's reports, company leaders told some managers to model a 20% reduction in annual costs, a planning step that could lead to thousands of job cuts and other expense cuts.
• A Disney spokesperson declined to comment on the directive as reported by multiple outlets, leaving headcount totals and detailed plans unconfirmed.
• The planning guidance asks managers to consider cuts across budgets and staff, with parks, television channels and film studios expected to face larger shares of reductions.
• CEO Josh D’Amaro has signaled that part of any savings would be reinvested into film and TV production, technology upgrades, and parks and cruise operations to boost growth.
• The move builds on years of reductions — including major job cuts in 2023 and further rounds in 2024–2026 — and could affect thousands of the company’s roughly 231,000 global employees while reshaping where Disney focuses spending.