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Disney Announces Severance Packages Amid Layoffs Under New CEO

4/18/2026

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Summary

Story summary

Disney offers severance to employees affected by layoffs, the first under Josh D'Amaro, CEO of The Walt Disney Company.
Severance amounts vary by tenure and position, with non-managers up to 52 weeks and VPs or above receiving similar packages.
Laid-off employees reported bonuses and health coverage.
D'Amaro states the layoffs do not reflect employee contributions or Disney's strength.
Shares rose 0.4% after a broader market increase.

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Story summary

Disney offers severance to employees affected by layoffs, the first under Josh D'Amaro, CEO of The Walt Disney Company.
Severance amounts vary by tenure and position, with non-managers up to 52 weeks and VPs or above receiving similar packages.
Laid-off employees reported bonuses and health coverage.
D'Amaro states the layoffs do not reflect employee contributions or Disney's strength.
Shares rose 0.4% after a broader market increase.