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StocksMediumUpdated•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

Disney to Lay Off 1,000 Employees in Marketing Division Restructuring

Key Facts

1The Walt Disney Company is set to lay off up to 1,000 employees as part of ongoing cost-cutting measures.

about 2 months ago

Version History

1 additional source confirmed this story

Version 1about 2 months ago

What changed: Added specific sourcing (WSJ and CNBC), included a more immediate timeline (coming weeks), and linked the layoffs to industry-specific pressures like box office declines and streaming competition.

The Walt Disney Company is preparing to lay off approximately 1,000 employees to reduce operational costs, according to a report by The Wall Street Journal. These job cuts are expected to be implemented within the coming weeks, primarily targeting the marketing division following a consolidation of functions. CNBC's Julia Boorstin confirmed the details via a person familiar with the matter, linking the move to industry pressures such as declining box office revenue and intense streaming competition. The restructuring aims to streamline operations as reports circulate regarding Josh D'Amaro's appointment as CEO to lead future growth. This follows large-scale layoffs initiated in 2023 as Disney continues to prioritize margin improvement. While cost-cutting is often viewed positively by investors, the scale of these layoffs highlights the persistent structural challenges within the global entertainment sector.