Walt Disney plans up to 1,000 job cuts, largely in marketing, as part of cost-cutting efforts under ‘Project Imagine’. Meanwhile, Oracle Corporation may lay off up to 30,000 employees globally, and HSBC is considering workforce reductions driven by AI-led operational changes.

New Delhi: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report.

The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D’Amaro took over as the company’s chief executive officer in March.

The layoffs are expected to impact less than 1 per cent of Disney’s total workforce. The company had around 231,000 employees as of the end of fiscal year 2025.

Disney’s newly-appointed chief marketing officer, Asad Ayaz, is also planning to consolidate the company’s marketing operations and reduce costs under a programme codenamed ‘Project Imagine’, the report added. Ayaz began overseeing a newly created company-wide marketing organisation in January.