Disney Plans Several Thousand Layoffs as Cost Cuts Deepen Across Entertainment Giant
Walt Disney Co. is preparing to eliminate several thousand jobs in its latest round of restructuring, while also asking some managers to identify cost reductions of up to 20%, according to people familiar with the matter. The move underscores the company’s continued push to streamline operations and protect margins as the media industry faces slower growth, tougher competition and persistent pressure to deliver stronger returns.
