Is Disney cutting 7000 jobs?

A cut of 7,000 jobs represents about 3% of its global workforce. “While this is necessary to address the challenges we're facing today, I do not make this decision lightly,” said CEO Bob Iger, who returned to lead the company in November when the board fired Bob Chapek as the company's leader.



The massive wave of 7,000 job cuts was a major restructuring initiative that was primarily completed by The Walt Disney Company in 2023 and early 2024 under CEO Bob Iger’s $5.5 billion cost-cutting plan. By 2026, the company has moved past that specific round of layoffs and is in a "growth and stabilization" phase, particularly with its $60 billion investment plan for Parks and Experiences. However, the labor market remains dynamic. While there are no current reports of another 7,000-person cut in 2026, smaller "surgical" layoffs continue to occur across the media and streaming divisions as Disney integrates more Generative AI and automation into its workflow. For potential employees or investors in 2026, the focus has shifted from "mass layoffs" to "headcount management," where the company is extremely selective in hiring for the Disney+ and ESPN+ segments while simultaneously expanding its frontline workforce for upcoming park expansions like the Tropical Americas at Animal Kingdom.

People Also Ask

The latest round of job cuts will impact ESPN, Disney's entertainment division, Disney Parks, and its Experiences and Product division as part of a larger workforce reduction plan announced in February by chief executive Bob Iger in an aim to save $5.5 billion in costs, the company said.

MORE DETAILS

These rounds of job cuts reportedly impacted people at ESPN, Disney's entertainment division, Disney Parks and so on. Disney's CEO Bog Iger, in February, announced that the media and entertainment giant would be trimming close to 7,000 jobs from its global workforce in three rounds.

MORE DETAILS

Back in 2023, Disney announced during Star Wars Celebration that there would be more stories and characters and all new adventures coming to Star Tours in 2024. And now we know at least one of those new stories and characters will be Ahsoka, as seen in the new Disney+ series bearing the same name.

MORE DETAILS

The cuts will occur across the company's business segments, including Disney Entertainment, ESPN and Disney Parks, Experiences and Products, according to the sources, but are not expected to affect hourly frontline workers employed at the parks and resorts.

MORE DETAILS

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023. BURBANK, Calif. —The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively.

MORE DETAILS

“Working for the Mouse,” a study by Occidental College and the Economic Roundtable published in February 2018, found that 11% of Disneyland employees reported experiencing homelessness in the previous two years, 68% were food insecure and 73% said they do not earn enough for basic living expenses.

MORE DETAILS

How much does a Disney World make in Florida? As of Sep 23, 2023, the average hourly pay for the Disney World jobs category in Florida is $15.39 an hour.

MORE DETAILS

After the final vote next week, Walt Disney World workers will instead receive an immediate bump to a minimum $17 an hour, which will rise to $18 an hour by the end of 2023. Then, over the next three years, workers will see additional bumps of $2.50 to $5.60 per hour.

MORE DETAILS

Basic Scoop. During the entire 2023 year, Disney Parks will be celebrating the Walt Disney Company turning 100 years old. This is a global celebration, encompassing all 6 Disney Parks, with the kick off happening at the Disneyland Resort on January 27, 2023.

MORE DETAILS

She was forced to live out of her car in a Magic Kingdom employee parking lot. “A conservative survey of Magic Kingdom Cast Members, full-time, found out that ten percent of Magic Kingdom Cast Members are currently homeless,” Jessica explained.

MORE DETAILS

Low Wages & Subpar Benefits Even after successful union negotiations, employee benefits are no longer enough for Disney's low-wage workers to survive—many live paycheck-to-paycheck, viewing retirement as an impossible dream.

MORE DETAILS

According to a study done by Economic Roundtable, almost 75% of Disneyland workers reported that they do not earn enough money to cover basic expenses every month. Over 50% of workers say they are worried they will be evicted from their homes or apartments.

MORE DETAILS