Walt Disney Co. is planning to cut thousands of jobs across the company, according to a Techub News brief citing Bloomberg. The reported layoffs would span multiple divisions, including television, film, and theme parks, pointing to a broad restructuring effort rather than cuts limited to a single business line. People familiar with the matter said some managers have been asked to meet annual cost-saving targets of 20%. The move comes at a time when the entertainment industry is going through wide-ranging change. The report did not disclose a timetable for the layoffs or specify how many roles would be eliminated in each division.
Walt Disney Co. plans to lay off thousands of employees across the company, according to a Techub News brief citing Bloomberg.
The reported cuts would affect divisions including television, film, and theme parks. People familiar with the matter said some managers have been asked to achieve annual cost reductions of 20%. The move comes as the entertainment industry goes through broad change.
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