Disney to eliminate 1,000 jobs

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April 14, 2026 11:14 AM EDT

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid

By Dawn Chmielewski

LOS ANGELES, ‌April 14 (Reuters) - ​Walt ​Disney 's new chief executive, Josh D'Amaro, announced layoffs in an email to employees on Tuesday, as ‌he looks to streamline the company's operations.

About 1,000 positions ⁠will be eliminated, according to a person familiar with the development.

The cuts will fall ‌on the marketing group, ‌which was reorganized in January, and other parts of the company, including its studio and television business, ESPN, products ​and technology and certain corporate functions, according to the source.

Disney began notifying employees this week.

"Given the fast-moving pace of ⁠our industries, this requires us to constantly assess how to foster a more ​agile and technologically-enabled workforce to meet tomorrow's needs," D'Amaro wrote in an email seen by Reuters. "As a ​result, we will be eliminating roles ‌in some parts of the company."

Like other Hollywood studios, Disney is adjusting to new economic ⁠realities, including a declining television business, shrinking box office and heightened competition. Warner Bros Discovery and Paramount Skydance have also undergone layoffs.

The ⁠last significant round of layoffs at Disney came in 2023, when the ​company said it would cut 7,000 jobs as part of an effort to save $5.5 billion in costs. At the time, Disney was under pressure ‌from activist investor Nelson Peltz to improve its financial performance, and stem losses at its ‌streaming business.

Disney said it had employed approximately 231,000 people as ⁠of September, the end of ‌its fiscal year.

The ​Wall Street Journal first reported the job cuts.

(Reporting by Dawn Chmielewski in Los Angeles; Editing by Alistair ‌Bell)


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