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Disney Plans 1,000 Job Cuts; Oracle, HSBC Also Eye Layoffs Amid AI Shift

Walt Disney is planning to cut up to 1,000 jobs, with a significant focus on its marketing division under a new consolidation program. In a separate move, tech giant Oracle has initiated massive global layoffs, potentially affecting tens of thousands of employees. Simultaneously, banking major HSBC is considering future job cuts as it looks to deploy AI to streamline operations. These developments point to a wave of corporate restructuring and cost-cutting measures across multiple industries.

Key Points: Disney, Oracle, HSBC Job Cuts: AI Drives Corporate Layoffs

  • Disney targeting marketing division for cuts
  • Oracle laying off up to 30,000 employees globally
  • HSBC considering AI-driven job reductions
  • Layoffs part of broader cost consolidation efforts
  • Project Imagine aims to streamline Disney marketing
2 min read

Disney plans up to 1,000 job cuts, most layoffs likely in marketing division: Report

Disney plans up to 1,000 layoffs, Oracle cuts thousands, and HSBC considers AI-driven job reductions. Get the latest on global corporate restructuring.

"the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer - The Wall Street Journal"

New Delhi, April 9

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.

In a separate development, Cloud giant Oracle has laid off a large number of employees globally, with several workers receiving early-morning emails informing them of their termination.

Employees across regions said on social media that they received emails from the company stating that their employment had been terminated, with some messages arriving around 6 a.m. local time in the US.

Reports indicate that Oracle may be laying off between 20,000 and 30,000 employees, or roughly 18 per cent of its global workforce.

Meanwhile, another report said that global banking major HSBC is also considering job cuts over the coming years, as Chief Executive Officer Georges Elhedery looks to deploy artificial intelligence (AI) to streamline operations, particularly in middle and back-office functions.

According to the report, non-client-facing roles in global service centres are likely to be the most affected, although discussions are still at an early stage. HSBC had a workforce of around 210,000 employees at the end of 2025.

- IANS

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Reader Comments

R
Rohit P
The bigger shocker is Oracle laying off up to 30,000! That's massive. And HSBC looking at AI cuts... this trend is scary. Tech and banking jobs were considered safe havens in India. Time to upskill, folks.
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Aditya G
'Project Imagine' sounds fancy, but it's just a cost-cutting exercise. Consolidating marketing might save money, but will it hurt their brand in the long run? Disney's magic needs good storytelling, not just number crunching.
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Sarah B
Getting a termination email at 6 AM? That's brutal and shows a complete lack of empathy from Oracle. Companies need to remember there are human beings behind these job IDs. Terrible way to treat people.
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Karthik V
This is a wake-up call for Indian professionals in global service centres. If HSBC is targeting non-client-facing roles, many of our BPO and KPO jobs could be at risk from AI. The government should focus on creating more core manufacturing and R&D jobs.
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Michael C
While layoffs are unfortunate, companies have to stay competitive. If AI can do the job of 100 back-office employees efficiently, it's a business decision. The key is how they support the transition for those laid off.

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