Disney Plans Largest Layoff Round of 2026 as CEO Josh D’Amaro Targets 20% Cost Cuts

Disney is preparing its biggest wave of job cuts this year, according to a Bloomberg News report citing anonymous sources. The entertainment giant has reportedly instructed some managers to reduce expenses by 20% on an annualized basis, signaling a broad restructuring under CEO Josh D’Amaro. This would mark the fourth round of layoffs in 2026 and is expected to affect the most employees so far. The cost-cutting push comes as Disney navigates ongoing pressures across its media, parks, and streaming businesses. While the exact number of affected staffers has not been disclosed, the directive for double-digit expense reductions points to significant workforce reductions. D’Amaro, who has overseen previous downsizing efforts, appears focused on streamlining operations and improving profitability. For investors and employees, the move underscores Disney’s aggressive effort to align costs with shifting consumer habits and a competitive entertainment landscape. The layoffs could touch multiple divisions, from corporate functions to theme parks and television. As Disney tightens its belt, all eyes will be on how these cuts shape the company’s next chapter and whether they deliver the financial turnaround leadership expects.