Disney weighs laying off thousands and asks for 20% cost cut
According to Bloomberg, cited by g1, managers were given a target to reduce annual expenses; the number of layoffs has not yet been set.
Translated from the Portuguese original by the Panorama newsroom. Read in Portuguese
Summary written by the Panorama newsroom from the sources listed below. Facts are attributed to the original publications.
Disney has asked its managers to cut by 20% the costs under their responsibility and is weighing laying off thousands of employees, according to Bloomberg information reproduced by g1. The number of cuts has not yet been defined.
The initiative would be part of a restructuring at a time of challenges for the company, including the advance of artificial intelligence, falling box-office revenue, streaming competition and a slowdown in international visitors to theme parks.
According to the agency, some areas will have to bear a larger share of the cuts than others. Part of the savings is expected to be reinvested in film and television, technology, parks and the cruise business.
Disney had about 231,000 employees at the end of fiscal 2025. The company had already been cutting staff: in September it laid off a few hundred people in human resources and technology, in April it eliminated about a thousand positions in marketing, studios, television and ESPN, and in 2023 it announced the cut of 7,000 jobs to save US$ 5.5 billion.