Disney pushes managers toward 20% annual cost reduction

Per a Bloomberg report dated November 3, 2026, some Disney managers have been asked to find annual savings equal to 20% of costs, using job eliminations alongside other spending reductions. Disney has not disclosed how many roles might be impacted, and the effects are expected to vary between its TV networks, movie studio and other units. The company declined to respond to requests for comment. This follows multiple workforce actions under CEO Josh D'Amaro: roughly 1,000 positions cut in April, layoffs in July, about 300 in September, and a recent reduction of 100 to 200 Experiences jobs connected to Imagineering. Leadership links the savings to putting money back into content, technology and guest experiences, and Disney is aiming for double-digit adjusted earnings-per-share growth this fiscal year. Fiscal fourth-quarter 2026 results are set for November 12.

1. Bloomberg reported Disney has asked some managers to identify 20% in annual cost savings, via workforce reductions and other expense cuts (reported Nov 3, 2026).
2. Disney has not disclosed how many roles may be affected and declined to comment.
3. Earlier 2026 cuts: about 1,000 positions in April, layoffs in July, and roughly 300 in September.
4. Disney recently eliminated 100 to 200 positions in its Experiences division, including at Imagineering in Glendale, California.
5. CEO Josh D'Amaro has said lower operating costs would free capital for content, guest experiences and technology.
6. Disney is targeting double-digit growth in adjusted EPS for the current fiscal year.
7. Fiscal Q4 2026 earnings are scheduled for November 12, 2026.