Disney is laying off several hundred employees across its human resources and technology departments, following earlier cuts this year. These layoffs come as the company undergoes a leadership transition with CEO Josh D'Amaro taking charge in March, and faces challenges like AI advancements, declining box office revenue, and streaming competition. Earlier in 2023, Disney cut 7,000 jobs to save costs and offered voluntary early retirement packages to longtime executives. The company continues restructuring to adapt to the evolving entertainment landscape.
Walt Disney Co shares trade at USD 105.08 on Pluang as of Sep 30, 2026 05:31 WIB, down 0.59% for the day. This price sits closer to its 52-week low of USD 92.40 than its 52-week high of USD 116.65, indicating some pressure on the stock amid ongoing restructuring. Despite the challenges, Pluang investors show full buying interest with 100% buy orders and a dividend yield of 1.42%.
Bank of America maintained its 'buy' rating and $125 price target for Walt Disney Co, keeping 2027 revenue and earnings forecasts steady at $105 billion and $7.52 per share. The bank raised operating income estimates slightly, citing strong global th...
Disney is laying off about 300 employees, mostly in human resources and technology, as part of ongoing cost-cutting efforts since Josh D'Amaro became CEO earlier this year. This follows previous rounds of layoffs, including up to 1,000 roles cut in A...
Disney has initiated another round of layoffs, cutting a few hundred employees primarily from its technology and human resources departments. This move was led by the new CEO, Josh D’Amaro, and does not affect the company's TV or film divisions. The ...
Disney's legal and government affairs division is set to become significantly smaller as part of a broad restructuring driven by technological changes and cost-cutting efforts. Chief legal officer Horacio Gutierrez warned staff that the department wi...
