Disney Targets 20% Cost Savings in Thousands of Layoffs

Disney is planning thousands of job cuts as part of a cost reduction effort. Bloomberg reported that managers have been asked to target 20% in annual cost savings through job eliminations and expense reductions, citing people familiar with the matter. Breitbart reported the layoffs are part of a broader plan to cut 20% in annual costs.

• Breitbart — Report: Disney to Enact Thousands of Layoffs to Cut 20% in Annual Costs
• Bloomberg — Disney Targets 20% Cost Savings in Thousands of Layoffs

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