Savings program: Disney apparently wants to cut thousands of jobs
The media giant is planning to cut its costs by 20 percent, according to a report. Part of the savings, CEO Josh D Amaro wants to invest in technology and theme parks.
Walt Disney is planning to cut thousands of jobs, according to a Bloomberg report. The company has asked some executives to reduce costs by 20%, which could be achieved through layoffs and spending cuts. Disney's various business segments, including theme parks, television, and film studio, are likely to be affected. CEO Josh D'Amaro plans to reinvest some of the savings in film and TV productions, technology, parks, and cruise business. Disney currently employs 231,000 people worldwide.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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