Disney Aims For 20% Annual Cost Cuts Amid Thousands Of Planned Job Cuts
· Business · Bloomberg, India Today, Hindustan Times
Walt Disney Co. is moving toward thousands of job cuts with the entertainment giant asking some managers to target 20% in annual cost savings, according to people familiar with the matter. The cost-reduction initiative follows a strategic review of Disney's entertainment and parks divisions. Managers have been directed to identify specific areas where operational expenses can be trimmed to meet the savings target. The move signals Disney's effort to restructure its workforce amid shifting media consumption patterns.
Why it matters
The layoffs would directly impact Disney's corporate workforce and managerial ranks, reflecting broader industry pressures in the entertainment sector.
Read the original report — Bloomberg
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