Disney eyes thousands of layoffs, managers asked to cut 20% in costs, Bloomberg News reports

Walt Disney is eyeing thousands of job cuts and is asking some managers to target 20% in annual cost savings, Bloomberg News reported on Nov 2, citing people familiar with the matter.

Reuters could not immediately verify the report. REUTERS

This is a developing story.

Source : https://www.straitstimes.com/business/disney-eyes-thousands-of-layoffs-managers-asked-to-cut-20-in-costs-bloomberg-news-reports