Culture & Entertainment · Singapore Bureau
Disney to cut thousands of jobs as managers told to slash staffing by fifth
The Walt Disney Company is preparing a significant workforce reduction across its sprawling entertainment empire, with division leaders instructed to reduce headcount by approximately 20 percent. The restructuring will impact operations ranging from theme parks and television networks to film studios.
LSN Singapore ·
Disney is implementing a sweeping cost-reduction programme that will see thousands of employees across its global operations face redundancy. The directive, issued to senior managers overseeing different business units, requires them to achieve staffing reductions of roughly one-fifth of their current workforce levels.
The layoffs will be distributed unevenly across Disney's diverse portfolio of businesses. Theme parks, television networks and motion picture studios are expected to experience disproportionate impacts, reflecting the company's ongoing restructuring efforts in an evolving media landscape.
The move underscores challenges facing major entertainment conglomerates as they grapple with shifting consumer preferences, streaming market competition and changing macroeconomic conditions. Disney joins a growing list of technology and media companies that have announced significant workforce reductions in recent months.
The company has not yet provided detailed breakdowns of which specific departments or regions will be most severely affected, nor has it announced a precise timeline for the redundancies to be completed. Disney management will be tasked with identifying which roles and positions will be eliminated across their respective divisions.