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Disney expects to lay off several thousand employees in its latest round of job cuts, CNBC Top News reported on November 3, 2026. The report said some managers have been asked to cut costs by up to 20 percent. The excerpt did not give the exact number of roles, the affected divisions or a timeline for the cuts.

Sources:CNBC Top News

1 outlet · 1 article · first seen Nov 3, 11:02 AM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • XLC closed at 100.26, up 0.36%, on 2026-11-02. Listed for: Communication Services sector ETF.

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