Disney is Reportedly the Latest Company Planning Thousands of Layoffs. Managers Face 20% Cost-Savings Targets.

Source: International Business Times

Disney is asking some managers to identify annual savings of up to 20%, potentially leading to thousands of layoffs as CEO Josh D’Amaro continues the company’s restructuring. Mario Tama/Getty Images Disney is preparing for thousands of potential layoffs, asking some managers to identify annual cost savings of up to 20% as the company extends a restructuring campaign that has already eliminated jobs across the entertainment company this year. The company would achieve the savings through a combination of staff reductions and other spending cuts, with some operations expected to face deeper reductions than others, Bloomberg reported.