
Disney Unveils Tiered Severance for First Rounds of Layoffs Under New CEO
Disney began layoffs under new CEO Josh D’Amaro and disclosed a tiered severance plan based on employee level and tenure: non-managers range from 4 weeks to 52 weeks, managers from 6 weeks to 52 weeks, directors from 13 weeks to 52 weeks, and VP+ from 26 weeks to 52 weeks. Some exiting employees also received prorated bonuses, paid vacation, and extended health coverage. The policy mirrors Disney’s employee handbook guidelines and follows a broader company realignment, as Disney pursues streaming profitability while sustaining its parks business; the cuts are compared with severance practices at Paramount, The Washington Post, and NBCUniversal.
