Disney To Lay Off Thousands Of Employees As Managers Told To Target 20% Savings
Walt Disney is reportedly preparing to cut thousands of jobs as part of a sweeping cost-reduction drive, with some managers asked to find annual savings of 20 percent. The move comes as the entertainment giant contends with intensifying competition from streaming platforms, softer box office returns and slower international visitor numbers at its theme parks. Disney is also grappling with the…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
