Disney eyes thousands of layoffs, managers asked to cut 20% in costs, Bloomberg News reports
Published . Updated .
Covered by 4 outlets: The Mighty 790 KFGO, WTVB, GV Wire, Reuters.
Who covered it: Center 1 · Not rated 3. How we rate outlets
Nov 2 (Reuters) - Walt Disney is eyeing thousands of job cuts and is asking some managers to target 20% in annual cost savings, Bloomberg News reported on Monday, citing people familiar with the matter. Reuters could not immediately ver...
Directly affected
- DIS Walt Disney+6.4% 30d
Named in this report.
Indirectly affected
- XLY Consumer Discretionary Select Sector SPDR+4.1% 30d
Consumer Discretionary Select Sector SPDR holds the consumer sector that The Walt Disney belongs to, so it often moves with news about it.
- DKNG DraftKings-23.3% 11d
DraftKings is a peer of The Walt Disney in miscellaneous amusement and recreation; rivals often move on the same news.
- MSGS Madison Square Garden Sports-2.3% 15d
Madison Square Garden Sports is a peer of The Walt Disney in miscellaneous amusement and recreation; rivals often move on the same news.
- MTN Vail Resorts+8.5% 16d
Vail Resorts is a peer of The Walt Disney in miscellaneous amusement and recreation; rivals often move on the same news.
- RSI Rush Street Interactive-43.8% 30d
Rush Street Interactive is a peer of The Walt Disney in miscellaneous amusement and recreation; rivals often move on the same news.
- MSGE Madison Square Garden Entertainment-0.9% 7d
Madison Square Garden Entertainment is a peer of The Walt Disney in miscellaneous amusement and recreation; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DISNo price data for this ticker | — | — | — | — | — | — | — |
| XLYNo price data for this ticker | — | — | — | — | — | — | — |
| DKNGNo price data for this ticker | — | — | — | — | — | — | — |
| MSGSNo price data for this ticker | — | — | — | — | — | — | — |
| MTNNo price data for this ticker | — | — | — | — | — | — | — |
| RSINo price data for this ticker | — | — | — | — | — | — | — |
| MSGENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Disney eyes thousands of layoffs, managers asked to cut 20% in costs, Bloomberg News reports The Mighty 790 KFGO
Source: The Mighty 790 KFGO
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Walt Disney (DIS), worth $1,001 - $15,000 on 24 Aug 2026. That is 71 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Walt Disney (DIS), worth $500,001 - $1,000,000 on 21 Aug 2026. That is 74 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Walt Disney (DIS), worth $15,001 - $50,000 on 17 Aug 2026. That is 78 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
50 out of 100
“Disney eyes thousands of layoffs, managers asked to cut 20% in costs, Bloomberg News reports” scores 50 out of 100. The score uses 4 sources.