# Disney targets 20% cost savings with thousands of layoffs

> Disney plans thousands of layoffs to hit 20% annual cost savings.
- Title: Disney targets 20% cost savings with thousands of layoffs
- Summary: Disney plans thousands of layoffs to hit 20% annual cost savings. Disney aims for 20% cost savings through thousands of job cuts and expense reductions.
- Keywords: disney, jobs, cost savings, layoffs, walt disney co, josh damaro, bloomberg, fiscal year, news, politics, world, targets
- Source: The Japan Times — https://japantimes.co.jp/business/2026/11/03/companies/disney-layoffs-cost-savings
- Author: Thomas Buckley
- Published: 2026-11-03T03:20:00+00:00
- Read time: 1 min
- Topics: disney, jobs, cost savings, layoffs, walt disney co, josh damaro, bloomberg, fiscal year, news, politics, world
## Disney layoffs plan
Disney plans thousands of layoffs while targeting 20% cost savings.
## Cost savings strategy
Savings could come from job eliminations and expense reductions.
## CEO's goals
Josh D'Amaro aims to reinvest savings into film, TV, technology and theme parks.
## Fiscal year target
Disney promises double-digit growth in adjusted earnings per share this fiscal year.
## Recent cuts
Disney has cut billions in costs and eliminated thousands of positions in recent years.
## Industry context
Other companies including Netflix and Sony have also cut jobs as streaming growth slows.
## CEO statement
Disney President Dana Walden said technology requires constant evaluation of organizational structure.
## Key takeaway

Disney aims for 20% cost savings through thousands of job cuts and expense reductions.