Walt Disney faces several business challenges, from disappointing movie revenues and tougher streaming competition to fewer international visitors at its theme parks|Ken Lund|CC BY-SA 2.0
Walt Disney is weighing another major workforce reduction as it looks for ways to control expenses amid mounting pressure on its entertainment businesses.
The company wants certain managers to find ways to lower yearly spending by 20%, according to a Bloomberg report. The plan could affect thousands of employees, although Disney has not revealed a possible job-cut figure.
The company faces several business challenges, from disappointing movie revenues and tougher streaming competition to fewer international visitors at its theme parks. The growing role of artificial intelligence is also reshaping the entertainment industry.
CEO Josh D'Amaro reportedly wants to use some of the money saved to strengthen Disney's content production, technology, and tourism operations.
The potential cuts would add to several rounds of layoffs in recent years. Disney had about 231,000 employees at the end of fiscal 2025.