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Network           (https://finance.yahoo.com/plus/alphaspace/?.done=https%3A%2F%2Falphaspace.finance.yahoo.com%2F&ncid=100003418)    AlphaSpace   (https://finance.yahoo.com/plus/select-plan/?.done=https%3A%2F%2Ffinance.yahoo.com%2F&ncid=100002891)      Get Finance Plus                U.S. markets close in 3h 45m       US Markets      US Markets     Europe Markets     Asia Markets     Cryptocurrencies     Rates     Commodities     Currencies          U.S. markets close in 3h 45m   (https://finance.yahoo.com/quote/%5EGSPC/) S&P 500   7,723.73 +57.28  +0.75%                       (https://finance.yahoo.com/quote/%5EDJI/) Dow 30   51,094.00 +167.44  +0.33%                       (https://finance.yahoo.com/quote/%5EIXIC/) Nasdaq   27,215.42 +343.82  +1.28%                       (https://finance.yahoo.com/quote/%5ERUT/) Russell 2000   2,836.86 +30.23  +1.08%                       (https://finance.yahoo.com/quote/%5ETNX/) 10-Yr Bond   5.26 +0.03  +0.48%                         (https://finance.yahoo.com/quote/%5EVIX/) VIX   15.63 -0.76  -4.63%                       (https://finance.yahoo.com/quote/GC%3DF/) Gold   4,156.40 -45.90  -1.09%                             (https://finance.yahoo.com/quote/BTC-USD/) Bitcoin USD   85,223.16 +1,058.45  +1.26%                             (https://finance.yahoo.com/quote/CL%3DF/) Crude Oil Nov 26   91.08 -1.79  -1.93%                          (prev)     (next)           ADVERTISEMENT      (http://www.afp.com/) (AFP) (AFP)    Disney president says layoffs 'extremely painful' but necessary    AFP  Fri, October 2, 2026 at 2:44 AM PDT    (Share links)        (Share Links)         (https://s.yimg.com/lo/mysterio/api/40bc4af9c2efc0ab145f0d6399e0afa9266d4dc0809b795a532fd70157df358c/lightyear_networkapi/resizefit_w960%3Bquality_80%3Bformat_webp/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fafp.com%2F170758a083bc5c393dd981dd79efb074.jpg) ()    Disney chief Dana Walden speaks about the group's layoffs at the Bloomberg Screentime conference in Los Angeles (Frederic J. Brown)  The Walt Disney Company's President Dana Walden said on Thursday that the company's layoffs were "extremely painful" but necessary for its survival. Disney has carried out several rounds of cost cutting measures in recent years to combat intense competition in streaming, while advances in AI tools have also become a cheaper production alternative for the billion-dollar company.   "We've exited colleagues who I've worked with for most of my career... It is in many ways a harsh reality," Walden said during the Bloomberg Screentime conference in Los Angeles. "It is extremely painful," she added. More than 300 people were laid off from Disney on Tuesday, most of whom work in human resources and information technology, according to US media reports. It comes after Disney eliminated around 1,000 positions in April, primarily across the company's marketing group, following the arrival of new chief executive Josh D'Amaro, trade media reported. Walden said the company had also offered a group of executives "the opportunity to make their own decision around whether the timing was right to leave or to stay" as part of a voluntary retirement plan. It remains unclear if the latest wave of layoffs made use of the initiative. "There is a need to constantly evaluate how you're structured," Walden said about Disney and its competitors in the technology industry. "Technology set their sights on our business, and we must survive and thrive and grow. And that's what we're going to do," she said. The Walt Disney company did not immediately reply to a request for comment. pr/llb/ev/lkd/ane    (https://guce.yahoo.com/terms?locale=en-US) Terms  and (https://guce.yahoo.com/privacy-policy?locale=en-US) Privacy Policy   (https://guce.yahoo.com/privacy-dashboard?locale=en-US) Your privacy controls   (https://guce.yahoo.com/state-controls?locale=en-US&state=WA) WA Consumer Health Privacy Policy   (https://finance.yahoo.com/more-info) More Info      Recommended Stories  (https://finance.yahoo.com/markets/stocks/articles/walt-disney-co-begins-laying-201814385.html) (The Walt Disney Co. begins laying off 1,000 employees) (The Walt Disney Co. begins laying off 1,000 employees)   (https://finance.yahoo.com/markets/stocks/articles/walt-disney-co-begins-laying-201814385.html) (The Walt Disney Co. begins laying off 1,000 employees) The Walt Disney Co. begins laying off 1,000 employees  Associated Press • 5mo ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                  (https://finance.yahoo.com/markets/stocks/articles/disney-plans-1-000-more-152000938.html) (Disney plans up to 1,000 more layoffs under new CEO D’Amaro) (Disney plans up to 1,000 more layoffs under new CEO D’Amaro)   (https://finance.yahoo.com/markets/stocks/articles/disney-plans-1-000-more-152000938.html) (Disney plans up to 1,000 more layoffs under new CEO D’Amaro) Disney plans up to 1,000 more layoffs under new CEO D’Amaro  Proactive • 5mo ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                    (https://finance.yahoo.com/markets/stocks/articles/disney-ceo-makes-another-major-142704563.html) (Disney CEO Makes Another Major Move to Cut Jobs) (Disney CEO Makes Another Major Move to Cut Jobs)   (https://finance.yahoo.com/markets/stocks/articles/disney-ceo-makes-another-major-142704563.html) (Disney CEO Makes Another Major Move to Cut Jobs) Disney CEO Makes Another Major Move to Cut Jobs  GuruFocus.com • 2d ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                  (https://finance.yahoo.com/media-advertising/articles/disney-laying-off-several-hundred-171442706.html) (Disney laying off several hundred employees, Variety reports) (Disney laying off several hundred employees, Variety reports)   (https://finance.yahoo.com/media-advertising/articles/disney-laying-off-several-hundred-171442706.html) (Disney laying off several hundred employees, Variety reports) Disney laying off several hundred employees, Variety reports  Reuters • 2d ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                  (https://finance.yahoo.com/markets/stocks/articles/disney-axe-nearly-1-000-153108117.html) (Disney To Axe Nearly 1,000 Jobs Under New CEO Josh D'Amaro: Report) (Disney To Axe Nearly 1,000 Jobs Under New CEO Josh D'Amaro: Report)   (https://finance.yahoo.com/markets/stocks/articles/disney-axe-nearly-1-000-153108117.html) (Disney To Axe Nearly 1,000 Jobs Under New CEO Josh D'Amaro: Report) Disney To Axe Nearly 1,000 Jobs Under New CEO Josh D'Amaro: Report  Benzinga • 5mo ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                  (https://finance.yahoo.com/markets/stocks/articles/disney-layoffs-2026-300-jobs-180653737.html) (Disney layoffs 2026: 300 jobs cut in HR and tech roles) (Disney layoffs 2026: 300 jobs cut in HR and tech roles)   (https://finance.yahoo.com/markets/stocks/articles/disney-layoffs-2026-300-jobs-180653737.html) (Disney layoffs 2026: 300 jobs cut in HR and tech roles) Disney layoffs 2026: 300 jobs cut in HR and tech roles  Quartz • 2d ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                  (https://finance.yahoo.com/media-advertising/articles/disney-cuts-hundreds-jobs-across-221359365.html) (Disney cuts hundreds of jobs across multiple departments: report) (Disney cuts hundreds of jobs across multiple departments: report)   (https://finance.yahoo.com/media-advertising/articles/disney-cuts-hundreds-jobs-across-221359365.html) (Disney cuts hundreds of jobs across multiple departments: report) Disney cuts hundreds of jobs across multiple departments: report  Fox Business • 2d ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                  (https://finance.yahoo.com/markets/stocks/articles/disney-begins-1-000-job-151326745.html) (Disney begins 1,000 job cuts this week across the company) (Disney begins 1,000 job cuts this week across the company)   (https://finance.yahoo.com/markets/stocks/articles/disney-begins-1-000-job-151326745.html) (Disney begins 1,000 job cuts this week across the company) Disney begins 1,000 job cuts this week across the company  LA Times • 5mo ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                    (https://finance.yahoo.com/markets/stocks/articles/disney-plans-cut-1-000-003401037.html) (Disney plans to cut 1,000 jobs, WSJ reports) (Disney plans to cut 1,000 jobs, WSJ reports)   (https://finance.yahoo.com/markets/stocks/articles/disney-plans-cut-1-000-003401037.html) (Disney plans to cut 1,000 jobs, WSJ reports) Disney plans to cut 1,000 jobs, WSJ reports  Reuters • 5mo ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                  (https://finance.yahoo.com/markets/stocks/articles/market-chatter-disney-plans-tv-202035438.html) (Market Chatter: Disney Plans TV Restructuring With Hundreds of Layoffs) (Market Chatter: Disney Plans TV Restructuring With Hundreds of Layoffs)   (https://finance.yahoo.com/markets/stocks/articles/market-chatter-disney-plans-tv-202035438.html) (Market Chatter: Disney Plans TV Restructuring With Hundreds of Layoffs) Market Chatter: Disney Plans TV Restructuring With Hundreds of Layoffs  (https://finance.yahoo.com/topic/premium-news/) PREMIUM MT Newswires • 19h ago (https://finance.yahoo.com/quote/DIS/) (DIS) DIS                           (https://finance.yahoo.com/)      Copyright © 2026 Yahoo. 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