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Disney Is Planning Thousands of Layoffs in Search of 20% Cost Savings

· entrepreneur.com · popularity 28/100 · 0 similar stories today · Personal Finance & Investing (Money, Markets & Investing)

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Summary

CEO Josh D’Amaro wants to find 20% savings and reinvest that money in parks, cruises and programming. What does that mean for jobs? Walt Disney Co. is preparing to swing the axe again. The entertainment giant plans to cut thousands of jobs and has asked some managers to find 20% in annual cost …

Found in: Entrepreneur Magazine, Disney. Rating basis: single outlet; outlet tier 2 (unlisted); 2 feeds; listed 2 times; feed position 6.