Disney laying off several hundred employees, Variety reports
Reuters2026/09/29 17:06Adds details in paragraphs 2-8
Sept 29 (Reuters) - Walt Disney DIS.N is laying off a few hundred employees across multiple divisions, including human resources and IT departments, Variety reported on Tuesday, citing a source familiar with the matter.
Disney has seen several C-suite changes since Josh D'Amaro took charge as CEO in March, including the appointment of 25-year company veteran Paul Roeder as chief communications officer.
D'Amaro took the helm at the entertainment major through a transformational period shaped by artificial intelligence, declining box office revenue and intensifying competition from streaming rivals.
Disney did not immediately respond to a Reuters request for comment.
The company employed about 231,000 people as of fiscal year-end 2025, of which about 172,000 were employed in the US and 59,000 were employed outside the country.
Disney in April eliminated about 1,000 positions across 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.
The company executed job cuts last year, including several hundred employees laid off in its film and TV marketing, TV publicity and casting and development divisions, Reuters reported.
Disney cut 7,000 jobs in 2023 as part of its efforts to save $5.5 billion in costs under former CEO Bob Iger.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shinjini Ganguli)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British builders grow more pessimistic: PMI rises to an eight-month high, but major projects are still being collectively shelved
UK builders became more pessimistic in September. The PMI rose to an eight-month high of 46.1 but remains in contraction territory; weak orders and Middle East conflicts are causing companies to delay project decisions.
European Central Bank board member warns: The Middle East energy shock has not yet affected wages, and the longer the conflict lasts, the greater the risks become.
European Central Bank member Rehn stated that the energy shock in the Middle East has not yet affected prices and wages, but the longer the conflict lasts, the greater the risk of transmission; the central bank has already raised interest rates twice, and rates may be raised again.
Silver price today: Silver broadly unchanged, according to FXStreet data
IREM names Kim Woo-jin, Sung Young-chul, Lee Hyung-do as director nominees in corrected filing
IREM issued a correction to its Sept. 4 board resolution calling an extraordinary shareholders’ meeting, updating the agenda to specify three director appointments. The meeting is scheduled for Oct. 21 at 9 a.m. at the company’s headquarters in Buan, North Jeolla Province. The revised slate includes the reappointment of CEO Woojin Kim as an inside director for a three-year term. The revised slate includes the appointment of Youngcheol Seong as an inside director for a three-year term. The revised slate includes the appointment of Hyungdo Lee as an independent director for a three-year term. The correction dated Oct. 6 was filed to reflect the finalized agenda items. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IREM Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006900738), on October 06, 2026, and is solely responsible for the information contained therein.
Crypto prices
More
