Walt Disney weighs thousands of job cuts after asking managers to find 20% cost savings
- Walt Disney is weighing thousands of job cuts after asking some managers to find 20% annual cost savings.
- Theme parks, television networks and the film studio are expected to face the deepest cuts of all.
- CEO Josh D’Amaro plans to redirect some savings into programming, technology, parks and cruises.
- Disney, which had 2,31,000 employees at the end of its last financial year, declined to comment.
Source: businesstoday.com.my
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