Disney is planning to cut several thousand jobs, according to people familiar with the matter, and some managers have been asked to reduce costs by up to 20%. It is the latest round of layoffs since Josh D'Amaro became CEO earlier this year, following plans in April to cut as many as 1,000 employees, mainly in marketing, and in September to cut about 300, largely in HR and technology. Disney also introduced an early retirement program in August, and Chief People Officer Sonia Coleman said involuntary staff reductions have already begun in some areas and will continue into next year. The company had about 231,000 employees at the end of fiscal 2025 and will report fiscal fourth-quarter earnings on Nov. 17.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
Disneylayoffsemploymentearnings
Open a keyword to see other news on the same topic.
Related news
- Why Is Microsoft (MSFT) Offering Buyouts To 60,000 Employees?
Microsoft announced on 28 October 2026 a voluntary buyout program covering about 60,000 employees worldwide, roughly 27% of its global workforce. Packages vary by role, seniority and geography. Management framed the move as part of a broader workforce transformation as capital spending on AI and cloud infrastructure rises, with estimated spending of US$175 billion to US$190 billion in 2026. The article notes a leaner organization could help protect margins as Azure and AI revenue grows, but a program this broad could also test execution on large AI projects if critical skills leave faster than they can be replaced. Microsoft has a market value of about $3.9 trillion.
- Is Tech On It’s Way To 500,000 Layoffs?
The article asks whether the tech sector is heading toward 500,000 layoffs, as AI is already cutting payrolls at Microsoft, Amazon and Meta. Microsoft offered buyouts to 60,000 people, Oracle cut 21,000 jobs, Amazon has cut 16,000 workers and, according to The New York Times, may not hire 600,000 workers it would have needed by 2033, while Intel cut nearly 14,000 and Block cut 4,000. Meta considered cutting 60% of its workforce in August before scaling back, and if it proceeds later, the cuts would affect 45,000 people. Citing Elon Musk, the article says debt markets have nearly shut off funding for neocloud companies without substantial revenue independent of AI data centers, and argues that consolidation in this group could push job losses to 300,000 to 400,000. Goldman Sachs estimates about 9% of US workers will be displaced, and Anthropic's S-1 says AI could affect jobs in technology, finance, law and consulting.
- Microsoft Has Offered Buyouts to Tens of Thousands. An Expert Says the Company Is Falling Behind in the AI Race.
Microsoft is offering voluntary buyouts to about 60,000 employees to control costs and fund its AI ambitions, amid questions about whether it can keep pace with rivals. Eligible staff are on participating teams in the US, Canada, India and the UK at level 70 and below; according to a source, these include Copilot and AI staff, along with finance, HR, Xbox and Windows + Devices, while marketing, commercial business and security are excluded. Cascade Insights CEO Sean Campbell said the offer could let employees who think the company is falling behind reach the job market ahead of peers while keeping employer support. Microsoft had 223,000 full-time workers as of June 30, 2026, and forecasts about $175 billion in capital expenditures and finance leases for calendar 2026. The move follows a buyout offer to about 9,000 U.S. employees earlier this year and about 4,800 job cuts in July, ahead of its first-quarter earnings report after markets close Wednesday.
- Microsoft is offering 60,000 employees a way out
Microsoft is offering 60,000 employees a way out. The offer appears voluntary, but the timeline and fine print tell a more complicated story.
- Microsoft Opens the Exit Door to 60,000 Staff Days Before Earnings
Microsoft is offering voluntary buyouts to 60,000 employees to contain costs and fund its AI push. The offer comes just ahead of its quarterly earnings report.
- Microsoft offers around 60,000 employees voluntary buyouts
Microsoft is offering voluntary buyouts to employees worldwide, according to a memo from chief people officer Amy Coleman. The “Voluntary Exit Offer” is available to employees on select teams in the US, Canada, India and the UK “at level 70 and below,” so some senior staff may be included, and around 60,000 employees are reported to be eligible. The time-limited program offers financial support and career planning resources. In July, Microsoft cut around 4,800 roles, or roughly 2.1% of its global workforce at the time, mostly in its commercial and Xbox divisions. The company also offered an early retirement option this year, and more than 30% of eligible employees chose to participate.
Related markets
Latest news
- Why Shares of AST SpaceMobile Slipped 27% Last Month
AST SpaceMobile shares fell 26.8% last month, per S&P Global Market Intelligence, and are down 71% from their highs after a further 27% drop in October. The article attributes the slide to slow satellite deployment, since at least 45 satellites are needed in orbit for US service versus 13 today, and to a bottleneck of satellites waiting for launches on SpaceX rockets, plus competition from Starlink's planned direct-to-smartphone service. Last quarter, the company posted negative free cash flow of $719 million while generating little revenue. With a $15 billion market cap, the stock trades at a steep premium to trailing revenue; even at $1 billion in revenue, the price-to-sales ratio would be 15. The author judges the stock overvalued and says it is not a good time to buy in.
- AMD Stock Jumps on Major Samsung Chip Manufacturing Breakthrough
AMD shares climbed 4% in morning trading after the reports. Samsung Electronics is reportedly preparing to manufacture semiconductor components for AMD and Nvidia at its upcoming Taylor, Texas facility, according to South Korea's Maeil Business Newspaper, and the plant has already secured orders for its entire planned capacity. AMD is expected to account for a large share of those orders, though contract values and production volumes were not disclosed. The new plant, about 1.5 times larger than Samsung's first Taylor facility, will use 2-nanometer technology, with construction starting this month, equipment installation targeted for around February 2029, and mass manufacturing expected in 2030. The reported deal could give AMD another source of advanced chip production capacity as demand for computing chips grows.
- 2 Monster Stocks to Buy and Hold for the Next 20 Years
The article argues that Alphabet and Amazon have durable moats that can keep earnings growing for decades, and that their post-earnings sell-offs over heavy AI spending offer a better entry point. Alphabet fell about 13% after its Oct. 30 report, even though Google Cloud revenue more than doubled to about $31 billion and its operating margin rose to 36% from 24%; the stock trades at 17 times 2026 earnings estimates versus 21 for the Nasdaq-100 average. Amazon's AWS revenue grew 39%, its sixth straight quarter of faster growth, but shares slid about 7% in pre-market trading on Oct. 30 and trade near 30 times 2026 earnings estimates. The main risk cited is that AI spending keeps weighing on free cash flow, and profits could fall short if AI demand cools before those data centers pay off.
- Unifor to launch new organizing initiative with Amazon workers in the Greater Toronto Area
Unifor will join Amazon workers on Wednesday, Nov. 4, 2026, to launch a new organizing initiative to unionize Amazon sites across the Greater Toronto Area, building on earlier efforts in British Columbia. The launch begins at 6:30 p.m. at the Chinese Cultural Centre of Greater Toronto, with Unifor National President Lana Payne and Ontario Regional Director Samia Hashi attending. The workers are seeking a safe pace of work, fair pay and respect on the job. Unifor describes itself as Canada's largest private-sector union, representing 320,000 workers.
- Amazon brings its own low-priced Thanksgiving meal deal to the table
Most grocers' holiday meal bundles cost under $40, but Amazon is promoting its grocery business with a $25 Thanksgiving meal offering. The e-commerce company is using the offer to promote its grocery business during the holiday season.
- D.A. Davidson Managing Director Gil Luria Delivers His Apple Earnings Takeaways
In an NYSE Live interview, Gil Luria of D.A. Davidson discussed Apple's latest earnings and the wider tech sector. He argued that many AI-linked companies continue to report strong results and demand, and that recent share price weakness reflects election and policy caution more than the core AI business. On data centers, he said public concerns about noise and energy often reflect older designs, and that approvals are typically decided locally. On Apple, he noted signs of slowing iPhone upgrades after a strong prior year and margin pressure from price increases and rising memory costs. He said Apple's ecosystem and installed base still support its long-term position.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.