Disney weighing cuts to thousands of jobs, Bloomberg reports; some managers asked to target 20% savings
Key points
- Bloomberg News, citing people familiar with the matter, reports Disney is considering cutting thousands of jobs
- Some managers have been asked to target 20% in annual cost savings
- Some operations would bear larger cuts; CEO D'Amaro aims to reinvest part of the savings in content, technology, parks and cruises
Walt Disney is considering cutting thousands of jobs and has asked some managers to target 20% in annual cost savings, Bloomberg News reported on Monday, citing people familiar with the matter. Some operations would bear larger cuts. CEO Josh D'Amaro aims to reinvest part of the savings in film and TV content, technology, theme parks and cruise operations.
Original report: ETHRWorld.com ↗Edited with AI assistance. Facts are based on official sources and original reports.