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Disney Eyes Thousands of Layoffs, With Managers Asked to Cut 20%
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EXCLUSIVE Disney Eyes Thousands of Layoffs, With Managers Asked to Cut 20% 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 savings could come from job eliminations as well as from expense reductions, said the people, who asked to not be identified because the discussions are private.
EXCLUSIVE
Disney Eyes Thousands of Layoffs, With Managers Asked to Cut 20%
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 savings could come from job eliminations as well as from expense reductions, said the people, who asked to not be identified because the discussions are private.