Disney is trimming roughly 300 jobs in a fresh wave of reductions, according to a person with direct insight into the decision. That individual requested anonymity because they were not cleared to speak publicly. Deadline broke the news of this round first.
Back in April, Disney mapped out plans to shed up to 1,000 roles as CEO Josh D'Amaro combined the company's enterprise marketing group, as reported by CNBC at the time. Additional reductions landed in July, shrinking the headcount by several hundred across corporate teams, touching Pixar, ESPN, Disney Entertainment Television and Disney's studios. Most of that midyear pain fell on Pixar and National Geographic, according to multiple media accounts.
In August, Disney told shareholders it remained "highly focused on reducing costs across the enterprise to create incremental capacity to invest for growth" and was "evaluating a variety of levers, including reductions in labor and SG&A." The company added, "We are mid-stream in this work and will provide future updates on progress." At roughly the same time, Disney rolled out buyout offers tied to early retirement for veteran executives.
Even amid change, steady planning helps protect and grow your long term savings. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.
For your wallet, this is a reminder that big brands are still squeezing expenses to protect margins. If you depend on companies like Disney for paychecks or dividends, keep an eye on how cost cuts ripple through product pipelines and timelines - that is where you will feel it first.
Regularly reviewing your goals keeps your finances resilient through uncertain seasons. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.
