Disney Offers Early Retirement Packages to Longest-Serving Executives

Disney is offering voluntary early retirement packages to some of its longest-serving executives as part of broader efforts to cut costs and streamline operations. The 'Voluntary Early Retirement Offer' (VERO) is available to eligible US-based executives from director through EVP level who meet a 65-point threshold calculated by combining their age and number of years at Disney.

The programme excludes employees on contracts, meaning many of Disney's most senior executives will not qualify. Eligible executives must be at least 50 years old and have worked at the company for a minimum of 10 years. The retirement package includes separation pay of up to one year depending on tenure and level, as well as healthcare at employee rates throughout the severance period.

Eligible executives will also be able to continue vesting existing equity awards for three years and retain lifetime access to Disney's Silver Pass, which provides admission to its theme parks outside blackout periods. The move comes as Disney continues to reduce its workforce under CEO Josh D'Amaro, with earlier job reductions affecting up to 1,000 employees in April and several hundred more positions eliminated in July.