Disney's Layoff Plans Raise Alarm for Workers
The entertainment giant is eyeing cuts of several thousand jobs as it pushes for 20% cost savings, a move reported by Bloomberg.
For many voters, Disney's consideration of cutting thousands of jobs signals how even the biggest entertainment giants can threaten ordinary workers.
The company has asked managers to target 20% in annual cost savings, and it now expects to lay off several thousand employees in its latest round of cuts.
Bloomberg News reported the layoff plans on Monday, citing people familiar with the matter, underscoring the scale of the upheaval.
Original reporting
New York Post
Disney eyes thousands of layoffs, asks managers to target 20% savings: report
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.
Read the original →CNBC
Disney plans several thousand layoffs, asks some managers to cut costs by up to 20%
Disney expects to lay off several thousand employees in the latest round of job cuts for the entertainment giant.
Read the original →
Facts this version was allowed to use
- Walt Disney is considering cutting thousands of jobs.
- Disney has asked some managers to target 20% in annual cost savings.
- Bloomberg News reported the layoff plans on Monday, citing people familiar with the matter.
- Disney expects to lay off several thousand employees in its latest round of job cuts.
- Disney is described as an entertainment giant.
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