Disney is cutting around 300 employees, primarily in human resources and technology, in its third round of job reductions this year under Chief Executive Officer Josh D'Amaro. Disney Entertainment Television and the company's motion picture studio are not affected. The cuts follow a voluntary early-retirement offer for eligible directors and above, and come after Disney said in August that it was considering labor and selling, general and administrative expense reductions to fund investment in growth. Disney employed 231,000 people at the end of fiscal 2025. Earlier this year, the company eliminated about 1,000 jobs in an enterprise marketing restructuring and later cut several hundred corporate positions, including roles at Pixar, National Geographic and ESPN. Disney reported fiscal third-quarter adjusted earnings per share of $2.06 and revenue of $25.25 billion, then raised its fiscal 2026 share-buyback target to at least $9 billion.