Disney Layoffs Hit HR And Technology

Disney layoffs deepen cost cuts and follow a shareholder cost program, posing scrutiny for SG&A outlook and prompting investor positioning shifts.

September 29, 2026·2 min read
View all news articles
Flat vector studio clapboard with a fractured slate symbolizing Disney layoffs, cost reductions, and workforce reshaping.

KEY TAKEAWAYS

  • About 300 positions were eliminated, concentrated in human resources and technology.
  • The cuts follow a shareholder letter that flagged labor and SG&A as cost levers.
  • This was the third reported layoff round since D'Amaro became CEO.

HIGH POTENTIAL TRADES SENT DIRECTLY TO YOUR INBOX

Add your email to receive our free daily newsletter. No spam, unsubscribe anytime.

Or subscribe with

Disney layoffs reported on Sept. 29, 2026, targeted human-resources and technology roles in a new round of reductions under CEO Josh D’Amaro. The cuts are part of a companywide cost review outlined in an Aug. 5 shareholder letter that identified labor and selling, general, and administrative expenses (SG&A) as key levers.

Third Round Cuts Focus on HR and Technology

The latest reductions eliminated about 300 positions, primarily in human resources and technology across corporate and various divisions. This marks the third round of layoffs since D’Amaro became CEO in March 2026.

In April 2026, Disney cut roughly 1,000 jobs following the consolidation of its enterprise marketing division. Several hundred more roles were eliminated in July, mainly at Pixar and National Geographic. Reports indicate that television operations and the film studio were not affected in the latest round.

Cost Program and Workforce Context

In an Aug. 5, 2026 shareholder letter, D’Amaro and CFO Hugh Johnston said Disney was focused on reducing costs across the company and was evaluating reductions in labor and SG&A to create capacity for growth investments. The letter stated, "We are mid-stream in this work and will provide future updates on progress."

At the end of fiscal 2025, Disney employed about 231,000 people, including approximately 172,000 in the United States and 59,000 abroad.

A Sept. 18 internal memo from Chief Legal and Global Affairs Officer Horacio Gutierrez described a transformation in Legal and Global Affairs emphasizing automation, self-service models, alternative providers, expanded shared services, and possible outsourcing. This memo did not confirm that the latest layoffs included that division.

The company has framed these workforce reductions as part of broader cost-cutting efforts to free resources for growth.

HIGH POTENTIAL TRADES SENT DIRECTLY TO YOUR INBOX

Add your email to receive our free daily newsletter. No spam, unsubscribe anytime.

Or subscribe with

Read other top news stories

Fed October Rate Hike Sees Timing Flexibility

Fed October Rate Hike Sees Timing Flexibility

NY Fed President Williams added timing flexibility to the Fed October rate hike outlook, complicating near-term trader positioning and hedging.

UniQure AMT-130 Data Show Slower Effect at 48 Months

UniQure AMT-130 Data Show Slower Effect at 48 Months

uniQure AMT-130 data showed a nonsignificant 48-month composite (44% slowing; p=0.144) while TFC was nominally positive, complicating regulatory outlook.

Micron Earnings Set for Sept. 30 Report

Micron Earnings Set for Sept. 30 Report

Micron earnings due Sept. 30; guidance sets a high bar for revenue, margins and EPS as AI memory demand tightens supply, shaping trader positioning.

OpenAI Revenue Run Rate Nears $70 Billion

OpenAI Revenue Run Rate Nears $70 Billion

OpenAI revenue run rate approached $70 billion on Sept. 29, 2026, prompting trader focus on enterprise growth and reported $30 billion funding talks.

Apple Overhaul Spurs Management Shake-Up

Apple Overhaul Spurs Management Shake-Up

Apple Overhaul moves to flatten management and speed product cadence, raising near-term cost and execution risks that could alter investor positioning.

Netflix Deutsche Bank Upgrade Lifts Valuation Case

Netflix Deutsche Bank Upgrade Lifts Valuation Case

Netflix Deutsche Bank upgrade included a $95 target and 18x 2027 earnings base, framing a valuation rerating if 23.0% EPS growth materializes.