Disney Plans Thousands of Layoffs as It Presses Managers for Deeper Cost Cuts
Walt Disney is preparing another broad round of job cuts, with plans to eliminate several thousand positions and ask some managers to identify cost savings of as much as 20%, according to CNBC. The move underscores the company’s continuing effort to protect margins and reassure investors after a strong share-price run, even as it navigates a slower consumer backdrop and heavy spending across streaming, parks and entertainment.
