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Disney prepares new layoffs as some divisions target savings of up to 20%

FinanceInternationalDeadlineAI summary
Image: Deadline

Walt Disney is preparing a new round of layoffs that could affect thousands of people across several divisions, including TV networks and the motion picture studio. According to sources cited by Deadline, managers of the affected teams were given annual cost-saving targets of as much as 20%. Disney declined to comment on the cuts, first reported by Bloomberg. The company has been cutting staff since Josh D'Amaro became CEO on March 18, with layoffs in April, July, September and last week.

In 40 seconds

  • A new round of layoffs at Disney would affect thousands of employees across several divisions, including TV and the film studio.
  • Some managers have annual cost-saving targets of as much as 20%.
  • The cuts add to previous layoffs since Josh D'Amaro became CEO on March 18.
Read the full story at Deadline

IASummary generated by artificial intelligence from a story by Deadline. It may contain errors: the original source prevails.

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