Disney Layoffs Could Hit Thousands, With Some Managers Told to Cut 20%
Disney layoffs could run into the thousands, according to a Bloomberg report. Some managers were reportedly asked to target 20% in annual cost savings. However, CEO Josh D’Amaro plans to reinvest part of the savings into content, parks, cruises, and technology. The size of that reinvestment may shape how much Disney shareholders see in earnings. The post Disney Layoffs Could Hit Thousands, With Some Managers Told to Cut 20% appeared first on BeInCrypto.
Key Takeaways
- Disney layoffs could run into the thousands, according to a Bloomberg report.
- Some managers were reportedly asked to target 20% in annual cost savings.
- However, CEO Josh D’Amaro plans to reinvest part of the savings into content, parks, cruises, and technology.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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