Story perspectives

Disney Offers Severance to 7,000 Laid-Off Employees Amid Challenges

4/21/2026

Summary

Story summary

The Walt Disney Company announced severance packages for about 7,000 employees affected by layoffs, with tenure-based pay up to 52 weeks for non-managers and more for higher-level staff.
Some laid-off staff received bonuses and health coverage.
Josh D’Amaro, CEO of The Walt Disney Company, said the layoffs do not reflect employee contributions.
The parks are expected to perform well.
Disney faces challenges boosting streaming profits amid declining television viewership.

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Story summary

The Walt Disney Company announced severance packages for about 7,000 employees affected by layoffs, with tenure-based pay up to 52 weeks for non-managers and more for higher-level staff.
Some laid-off staff received bonuses and health coverage.
Josh D’Amaro, CEO of The Walt Disney Company, said the layoffs do not reflect employee contributions.
The parks are expected to perform well.
Disney faces challenges boosting streaming profits amid declining television viewership.