TNW | Future-of-work
Disney plans thousands of layoffs, asks some managers to cut costs by 20%
It would be the third round of Disney layoffs since Josh D’Amaro became chief executive. The company told shareholders in August it was weighing labour cuts to free up money for growth.
By TNW | Future-of-work
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·Excerpt
Disney is planning thousands of job cuts and has asked some managers to target cost savings of 20%. Thomas Buckley first reported the plan for Bloomberg, citing people familiar with the matter. The savings could come from job cuts as well as other expenses.
CNBC later reported the…
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