Disney Cuts Hundreds More Jobs Amid Cost Reduction Efforts
The Walt Disney Company is cutting hundreds of jobs across multiple departments in its latest round of layoffs. According to a report from Variety, citing a source familiar with the matter, the company has shed a few hundred employees mainly in human resources and IT departments within corporate and divisions.
This marks the third round of layoffs at Disney this year under newly appointed CEO Josh D'Amaro as the company continues its efforts to reduce costs. The latest cuts come on top of previous rounds that eliminated 1,000 jobs across various sectors in April and several hundred more positions in July.
Disney has also introduced price hikes for its streaming services, with the standalone Disney+ ad-supported plan rising from $11.99 per month to $12.49 per month, while Disney+ Premium increased from $18.99 per month to $21.49 per month. Existing subscribers will see these increases in their billing cycles beginning October 21.
The company's shares are down nearly 6% so far in 2026 and are on track for a seventh month of declines this year. Despite the challenges, Disney remains focused on reducing costs to stimulate growth and is working to 'create incremental capacity to invest for growth' as stated by CEO Josh D'Amaro.