# Walt Disney is planning to cut up to 1,000 jobs in the coming weeks.

*business · news · 2026-04-09 · Free Press Journal*

## Key points

- Disney plans to cut up to 1,000 jobs, mainly in its marketing division.
- Disney's job cuts were initiated before Josh D’Amaro became CEO in March.
- Disney's CMO Asad Ayaz is consolidating marketing under 'Project Imagine' to reduce costs.
- Oracle may be laying off 20,000 to 30,000 employees, about 18% of its global workforce.
- HSBC is considering job cuts in non-client-facing roles as it deploys AI to streamline operations.

**Companies:** Walt Disney, Oracle, HSBC
**Countries:** United States

[Read the full story on Free Press Journal](https://www.freepressjournal.in/tech/disney-plans-up-to-1000-job-cuts-under-project-imagine-marketing-to-be-hit-hardest)

---

Canonical: https://newsio.io/n/de11fe48-6dee-4437-8491-dc7bf3072174/walt-disney-is-planning-to-cut-up-to-1000-jobs-in-the-coming-weeks
Summarized by Newsio from Free Press Journal. https://newsio.io/how-it-works