Disney plans to cut 1,000 jobs, WSJ reports

Walt Disney is planning to cut ​as many as 1,000 positions in ‌the coming weeks, many of which will be made in the company’s marketing department, ​the Wall Street Journal reported on ​Wednesday, citing sources.

The Journal said that ⁠plans for the coming job cuts ​began before Josh D’Amaro assumed his new role ​as Disney’s chief executive officer in March.

The planned layoffs could affect less than 1% of ​its total employees. Disney employed about ​231,000 people as of the end of fiscal ‌year ⁠2025.

Disney’s newly appointed chief marketing officer, Asad Ayaz, also plans to unite the company’s marketing group and reduce expenses under ​code-named Project ​Imagine, the ⁠report added. Ayaz began to oversee a newly created ​company-wide marketing organization in January.

Reuters could ​not ⁠immediately verify the report. Disney did not immediately respond to a Reuters request ⁠for ​comment outside regular business ​hours.