Disney Offers Early Retirement to U.S. Executives 50+ as Cost Cuts Extend Into 2027
Updated
Updated · Variety · Aug 24
Disney Offers Early Retirement to U.S. Executives 50+ as Cost Cuts Extend Into 2027
3 articles · Updated · Variety · Aug 24
Summary
Disney has launched a time-limited voluntary early retirement program for U.S.-based executives from director to EVP across Disney Entertainment, ESPN and corporate divisions.
Eligibility requires 65 points from age plus years of service, with a minimum age of 50 and at least 10 years at the company; contract employees are excluded.
The package includes separation pay, continued vesting of existing equity awards, healthcare at active-employee rates and ongoing Silver Pass access to Disney theme parks.
Sonia Coleman told staff the offer is part of broader restructuring that already includes involuntary cuts in some areas and layoffs that will continue into next year.
Disney executives said earlier in August the cost reductions are meant to free up investment for content, technology and experiences after earlier job cuts in April and July.