Disney Offers Executives Early Retirement Packages Amid Ongoing Layoffs

Walt Disney Co. is offering early retirement packages to certain executives as part of its ongoing cost-cutting measures.

The 'Voluntary Early Retirement Opportunity' program was outlined in an internal memo sent to Disney employees and offers a sweetened retirement package with pay and benefits that recognize service and contributions.

The offer comes amid ongoing layoffs, including the elimination of 1,000 roles announced in April and hundreds more job cuts in July.

Disney Chief Executive Officer Josh D'Amaro and Chief Financial Officer Hugh Johnston have stated that they are evaluating further cost-cutting measures, including reductions in labor and selling, general and administrative expenses.