Disney offers executives up to a year's pay, three years' equity vesting and lifetime park passes in voluntary early retirement push

Disney's Voluntary Early Retirement Offer, detailed in an internal memo from Chief People Officer Sonia Coleman, gives eligible Director-to-EVP executives up to one year of separation pay, healthcare at employee rates, three years of continued equity vesting and a lifetime Silver Pass to Disney parks. No non-compete applies. The programme sits within cost-cutting under CEO Josh D'Amaro, who cut 1,000 roles in April 2026 and signalled more layoffs on an August 5 earnings call. Contract employees — including many top leaders — are excluded.