Disney is starting its 3rd round of layoffs under CEO Josh D'Amaro

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-29 • Permanent link

Rumors of a potential Disney layoffs have sparked concerns among investors and industry experts, with the company's latest downsizing move mirroring its previous rounds under new CEO Josh D'Amaro. According to sources, Disney is cutting approximately 8,000 more employees, bringing the total number of layoffs to around 12,000 since D'Amaro took the helm in February 2022. The news has sent shockwaves throughout the entertainment industry, with Disney's stock price plummeting by 5% in pre-market trading.

As the entertainment giant continues to grapple with declining revenue and increased competition, the layoffs serve as a stark reminder of the challenges facing the industry. Disney's struggles have significant implications for investors, with the company's market value taking a hit due to the uncertainty surrounding its future prospects. The layoffs also pose a risk to the broader economy, as Disney is a significant employer and contributor to the US GDP.

Industry insiders point to Disney's shift towards streaming services as a key factor in the company's struggles. Since the launch of Disney+, the company has faced increased competition from rival streaming services, leading to a decline in revenue and a need to cut costs. The layoffs are seen as a necessary step to help Disney adapt to the changing landscape and remain competitive in the industry.

As Disney navigates this challenging period, investors will be watching closely for any updates on the company's restructuring efforts. With the company's next earnings report scheduled for later this month, analysts will be keen to see how Disney's cost-cutting measures impact its bottom line. The outcome will have significant implications for the company's future prospects and the entertainment industry as a whole.