Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings
Technology

Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings

Bloomberg Technology Tuesday 03 November 2026, 18:13 UTC 1 min read
Key Points

Nov 3rd, 2026 Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings Walt Disney is moving toward thousands of job cuts with the entertainment giant asking some managers to target 20% in annual cost savings, according to people familiar with the matter. The savings could come from job eliminations as well as from expense reductions, said the people, who asked to not be identified because the discussions are private. Bloomberg's Geetha Ranganathan joins to discuss.

Nov 3rd, 2026 Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings Walt Disney is moving toward thousands of job cuts with the entertainment giant asking some managers to target 20% in annual cost savings, according to people familiar with the matter. The savings could come from job eliminations as well as from expense reductions, said the people, who asked to not be identified because the discussions are private. Bloomberg's Geetha Ranganathan joins to discuss.
Walt Disney (PERSON) Bloomberg (ORG) Geetha Ranganathan (PERSON)
Originally published by Bloomberg Technology Read original →

Related Stories

Lorry driver electrocuted after vehicle hit overhead power line

Andy Lloyd was electrocuted when he got out of the cab and came into contact with the metal step.

BBC Wales 15m ago

Jim Cramer likes CrowdStrike's new 'AI kill switch' and the cyber stock

Jim Cramer calls CrowdStrike's announcement of an artificial intelligence kill switch game-changing for cybersecurity. "You should just go buy CrowdStrike," Jim said on CNBC after speaking with CrowdStrike CEO George Kurtz in an interview that will run Tuesday evening on "Mad Money." Jim added that this development will be good for the Club stock, which rose about 1%.

CNBC 17m ago

Meta seeks to raise up to $25 billion in debt sale as AI spending jumps

Meta is seeking to raise between $20 billion and $25 billion in a bond sale on Tuesday as the company ramps up its spending on artificial intelligence infrastructure along with AI models and services. The debt sale is expected to be two-thirds in U.S. dollars and one-third in euros, according to people familiar with the matter who asked not to be named because the details are private. Final pricing for the bond sale should come Tuesday afternoon, the sources said.

CNBC 40m ago

Google to shut off search for schools that opt-out of AI

Google announced Tuesday morning that it would switch off AI products by default for students in schools that use the technology giant’s education software. But those schools that forgo its AI services would also be cut off from Google Search. The move comes after mounting criticism from advocacy groups and senators about the spread of Google’s AI services available in classrooms.

NBC News 41m ago