Bob Iger Tells Disney Management To Identify Layoff Candidates Aims to Cut $5.5 Billion


Bob Iger Tells Disney Management To Identify Layoff Candidates Aims to Cut $5.5 Billion

Reports online indicate that management for the Walt Disney Company are being directed to identify layoff candidates as CEO Bob Iger aims to cut $5.5 Billion in Spending.

It is uncertain if Disney will begin layoffs in small waves or cut thousands of employees all at once, but it has been confirmed that Disney will announce at least 4,000 current employees will be out of work sometime in April, according to Business Insider

Related – Disney Cast Members Fighting Bob Iger’s Four Day Office Work Week Mandate

Former Disney CEO Bob Chapek

Bob Iger announced back in February during the Walt Disney Company 1st Quarter 2023 call that Disney would be cutting some 7000 jobs across the company as a cost-cutting measure.

It was reported that Iger would be making a $5.5 billion cut in costs as part of its restructuring process which equates to about 3.2% of Disney’s workforce.

Related – Disney CEO Bob Iger visits Walt Disney World and Thanks Cast Members for Everything They Do!


Back in February, it was mentioned in the Disney First Quarter Earnings call that Bob Iger and Josh D’Amaro got together to discuss expansions at the Disney Theme Parks. Now that Tron Lightcycle Run is complete Disney is looking at the future of Disney World and Disneyland Parks.

Earlier this month at the Morgan Stanley Technology, Media, and Telecom Conference Disney CEO Bob Iger said that Disney has been a little too aggressive with the pricing at the parks and needs to retain the brand value of accessibility.

It will be interesting to see how Disney Balances expansion with cutting cast member jobs.

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site


Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

MM slash DD slash YYYY
This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!

YouTube player

Written by:

13,027 Posts

Chip is the owner, editor, and writer of Chip and Company. When he is not writing about Disney News or Planning Tips, you will find him counting down the days to his next Disney Vacation.
View All Posts
Follow Me :