Market Chatter: Walt Disney Seeks 20% Cost Savings as Company Plans Thousands of Layoffs

MT newswire2026/11/03 08:35

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04:35 AM EST, 11/03/2026 (MT Newswires) -- Walt Disney (DIS) is moving toward thousands of job cuts as the company asks some managers to target 20% in annual cost savings, Bloomberg reported Monday, citing people familiar with the matter. According to the report, the savings may come from job cuts and other expense reductions, with some divisions, including theme parks, TV channels and the film studio, facing a greater impact. Chief Executive Josh D'Amaro plans to channel some of the savings back into film and TV content, technology, theme parks and cruise operations, Bloomberg added. Walt Disney did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The Ministry of Economy and Finance of South Korea and the Bank of Korea (BOK) issued a joint statement refuting a local media report. The report had claimed that, in response to significant foreign capital outflows, Seoul was considering purchasing a large amount of U.S. government bonds. Both institutions emphasized that the composition and specific details regarding the management of South Korea's foreign exchange reserve assets are not disclosed to the public.

华尔街见闻•2026/11/05 22:36