Disney To Undergo More Layoffs With Divisions Eyeing Up To 20% In Cost Savings
The Walt Disney company is laying the groundwork for more cuts, with thousands poised to be impacted. According to sources, the new round of layoffs will be made across multiple divisions, including TV networks and the motion picture studio, at varying amounts. As is customary in the run-up to staff reductions, managers of the affected […]
The Walt Disney Company is preparing for a new round of layoffs that could impact thousands of employees. According to Deadline, these cuts will occur across multiple divisions, including the motion picture studio and TV networks.
The Japan Times reports that Disney is asking some managers to target 20% in annual cost savings through job eliminations and expense reductions. These cuts may affect various operations, including theme parks, the movie studio, and TV networks, though the impact will be disproportionate across different units. CEO Josh D’Amaro intends to reinvest some of these savings into technology, theme parks, cruise ships, and film and TV programming.
Disney has previously eliminated thousands of positions and cut billions of dollars in costs, impacting units such as ESPN, Pixar, and ABC. A company representative declined to comment on the matter.
Brief written by urgent.news from Deadline, Japan Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
