Disney eyes thousands of layoffs, asks managers to target 20% savings, Bloomberg News reports
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. The reported restructuring effort comes as CEO Josh D’Amaro nav...
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. The reported restructuring effort comes as CEO Josh D’Amaro navigates challenges including the growing use of AI, weaker box office revenue, intensifying competition from streaming rivals and a slowdown in international a...