Disney Offers Early Retirement Packages to Long-Time Executives

Disney is offering early retirement packages to long-time executives, including those at ESPN. The company's Senior EVP and Chief People Officer Sonia Coleman announced a voluntary early retirement offer (VERO) program in a memo to staff on Monday.

The VERO program includes separation pay, continued vesting of existing equity awards, healthcare coverage at active-employee rates, and Silver Pass access to Disney theme parks. Eligible employees must be at least 50 years old and have worked directly for the company for at least 10 years.

The offer applies to U.S.-based employees across Disney Entertainment, ESPN, and corporate divisions who meet a specific threshold based on age + years of service. The program is part of broader cost-cutting efforts across Disney, particularly at ESPN, which had its most recent round of layoffs several weeks ago.