The cuts would be the latest round of layoffs since CEO Josh D'Amaro took over earlier this year, CNBC reports. The people who spoke to CNBC asked not to be named because they were not allowed to speak publicly.

Variety, citing a Bloomberg News report, says it would be the fourth round of job cuts at Disney this year and would affect the most staffers. Some Disney operations will be affected more than others, the report said, without giving details.

D'Amaro wants to reinvest some of the savings into film and TV programming, theme parks, cruises and technology, the Post reports, citing Bloomberg.

Earlier this year, Disney cut as many as 1,000 jobs in April, mostly in marketing, and about 300 in September, many in human resources and technology, CNBC reports.

“We remain highly focused on reducing costs across the enterprise to create incremental capacity to invest for growth and are evaluating a variety of levers,” D'Amaro and finance chief Hugh Johnston wrote in an August letter to shareholders, CNBC says.

Disney had about 231,000 employees at the end of its 2025 fiscal year, CNBC reports, citing the company's annual report.

The company has been dealing with falling box office revenue, tough competition from streaming rivals and weaker demand for its theme parks abroad, the Post reports.

Disney had about 231,000 workers at the end of its 2025 fiscal year, CNBC reports.

Netflix also plans to cut jobs. It said last month it would lay off about 6% of its staff, CNBC says.

More than 150 workers were cut from a theme park design team, the Post reports. Workers in the Imagineering department got layoff notices last month, the Post says.

What we know: Several outlets report Disney is planning thousands of job cuts and asking some managers to cut costs by up to 20%.
What we don't: The exact number of jobs and which parts of the company will be hit hardest.