Disney prepares to lay off thousands of staff to cut costs by a fifth

Large-scale cost optimisation

International media company Disney is preparing a significant restructuring that involves the dismissal of a substantial number of employees. The main goal of these measures is to reduce annual operating costs by approximately 20%.

Information about management's plans was disclosed by Bloomberg, citing sources familiar with the company's internal decisions.

Which divisions will be affected by the cuts

The most significant changes are expected in the theme parks, television channels, and film studio segments. According to the publication, thousands of jobs are at stake, although the company has not yet disclosed the exact number of people who will lose their jobs.

Where the saved funds will be directed

Disney CEO Josh D'Amaro intends to use the funds saved through the cuts for investments in business development. Priority areas will include content production, the implementation of new technologies, the modernisation of theme parks, and the expansion of the cruise division.