Disney to Cut 1,000 Jobs Amid Restructuring Efforts

Disney is set to lay off 1,000 employees as part of a restructuring initiative led by new CEO Josh D’Amaro. This move follows a series of job cuts since Bob Iger's return as CEO. The layoffs, which are expected to affect less than 1% of the workforce, come as Disney consolidates operations to reduce costs. Meanwhile, Oracle is also facing significant layoffs, impacting 30,000 employees globally. The situation raises questions about the future of employment in the entertainment and tech sectors. Read on to learn more about these developments and their implications.

By Narendra Chaudhary Apr 9, 2026, 10:40 IST

Disney's Upcoming Layoffs

Disney, the renowned entertainment corporation, is preparing to terminate 1,000 positions in the near future, marking one of the initial major actions under the leadership of new CEO Josh D’Amaro. Since Bob Iger returned to the helm in 2022, the company has already let go of over 8,000 employees. According to the Wall Street Journal, the decision for these upcoming layoffs was initiated prior to D’Amaro's appointment.

The organization has been streamlining its previously isolated operations to reduce expenses and enhance coordination across its various divisions, especially in the online sector. As of the conclusion of its 2025 fiscal year, Disney had a workforce of 231,000, with approximately 80% engaged in the experiences division, which includes theme parks and consumer products.

The forthcoming layoffs are expected to impact less than 1% of Disney's total workforce, as reported by Reuters. Recently, other entertainment firms such as Sony Pictures, Paramount, and Warner Bros. Discovery have also made staff reductions.

However, in March, D’Amaro mentioned that the launch of a new area at Disneyland Paris would generate 1,000 new job opportunities. He stated, "I believe we will continue to be the number one tourist destination. I believe that we will continue to add jobs. In fact, we're adding 1,000 jobs, just for this new land that we have built."

In a related note, Oracle has initiated one of the largest layoffs in the tech industry, affecting around 30,000 employees globally, including 12,000 in India. The layoffs come with a stipulation: employees must complete the necessary paperwork via DocuSign to qualify for severance benefits. In essence, without a signature, there will be no payout. The company has not yet released an official statement regarding the layoffs or the conditions tied to severance.

Following the extensive layoffs, Oracle appointed Hilary Maxson as its new Chief Financial Officer (CFO). Her substantial compensation package, which includes a $950,000 salary and a potential $2.5 million bonus, has raised eyebrows. Additionally, Maxson is eligible for a $26 million equity grant, with 80% being time-based and 20% performance-based.