The Walt Disney Company is tasking managers with identifying 20% in annual cost savings as it prepares for thousands of job cuts across its operations.
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The Walt Disney Company is tasking managers with identifying 20% in annual cost savings as it prepares for thousands of job cuts across its operations.
Disney is planning thousands of job cuts and asking some managers to target 20% in annual cost savings that could come from job eliminations as well as from expense reductions, according to people familiar with the matter. Geetha Ranganathan of Bloomberg Intelligence has more. Walt Disney is considering cutting thousands of jobs and has asked some managers to target 20% in annual cost savings, Bloomberg News reported on Monday, citing people familiar with the matter.
Bloomberg reported the story as "Disney Targets 20% Cost Savings in Thousands of Layoffs." New York Post reported the story as "Disney eyes thousands of layoffs, asks managers to target 20% savings: report."
2 sources have covered this story, including Bloomberg and New York Post. The earliest reporting in the cluster landed about 3 hours ago.
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[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.
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