Disney eyes thousands of layoffs, asks managers to target 20% savings, Bloomberg News reports
Disney is reportedly planning significant layoffs and has instructed managers to identify 20% in cost savings. The restructuring comes as the company faces headwinds from AI integration, streaming competition, and declining box office performance.
Why it matters
As a major media conglomerate, Disney's cost-cutting measures reflect broader economic pressures and structural shifts within the entertainment industry.
The reported restructuring effort comes as CEO Josh D'Amaro navigates challenges including the growing use of AI, weaker…
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