> ## Content Index
> Fetch the complete content index at: https://www.workersrights.news/llms.txt
> Use this file to discover other available public pages before exploring further.

# Disney plans to cut several thousand jobs. Some managers were told to find 20% in savings.
- URL: https://www.workersrights.news/disney-plans-several-thousand-layoffs-20-percent-cost-cuts/
- Published: 2026-11-03T19:02:24.000Z
- Updated: 2026-11-03T19:02:24.000Z
- Description: CNBC reports Disney plans several thousand layoffs; some managers must cut costs up to 20%. Disney hasn't said who goes or when.
- Author: WorkersRights.News Team
- Tags: Economy

Disney is planning to lay off several thousand employees, [CNBC reported](https://www.cnbc.com/2026/11/03/disney-layoffs-cost-cuts.html?ref=workersrights.news) Tuesday, citing people familiar with the matter. Some managers have been told to cut costs by as much as 20%. Bloomberg first reported the plan.

Disney has not said how many jobs will go, which divisions will be hit, or when the cuts start. CNBC's report carried no new comment from the company.

## Cuts already this year

The cuts would be the latest under CEO Josh D'Amaro, who took over in 2026\. According to CNBC, Disney cut up to 1,000 jobs in April, mostly in marketing, and about 300 more in September, many in human resources and technology. In August, it offered some employees early retirement.

Workers were warned. In an Aug. 24 letter to employees, Chief People Officer Sonia Coleman described "involuntary staff reductions that have already begun in some areas and will continue into next year," CNBC reported.

Disney had about 231,000 employees at the end of its 2025 fiscal year. It isn't known yet whether park, cruise or production crews are on the list, or only corporate staff.

Disney isn't alone. Netflix said last month it would cut about 6% of its workforce, and Skydance, which combined Paramount and Warner Bros. Discovery, is expected to cut staff to save $6 billion over three years, per CNBC.

## What comes next

Disney reports its fiscal fourth-quarter earnings on Nov. 17\. That is the next scheduled chance for D'Amaro to explain the cuts in public.

## If your job is on the line

If you're 40 or older and Disney offers severance in exchange for waiving age discrimination claims, federal law gives you [at least 45 days to consider it in a group layoff, and seven days to revoke after you sign](https://www.eeoc.gov/node/130190?ref=workersrights.news), according to the EEOC.

Severance is often negotiable. Severance.law has [guides](https://severance.law/articles/?ref=workersrights.news) and [answers to common questions](https://severance.law/faq/?ref=workersrights.news). Our [first-week checklist for laid-off workers](https://www.workersrights.news/laid-off-before-holidays-first-week-checklist-severance-cobra-warn/) covers WARN notice, final pay and health coverage.

### Sources

- [Disney plans several thousand layoffs, asks some managers to cut costs by up to 20%](https://www.cnbc.com/2026/11/03/disney-layoffs-cost-cuts.html?ref=workersrights.news), CNBC
- [Q&A: Understanding Waivers of Discrimination Claims in Employee Severance Agreements](https://www.eeoc.gov/node/130190?ref=workersrights.news), U.S. Equal Employment Opportunity Commission