Disney To Undergo More Layoffs With Divisions Eyeing Up To 20% In Cost Savings

The Walt Disney Company is preparing for additional layoffs affecting thousands of employees across multiple divisions, including the motion picture studio and TV networks. This initiative aims to achieve up to 20% in cost savings. These planned reductions follow a recent move by the theme parks division, which eliminated at least 100 jobs less than a week ago. Managers are currently laying the groundwork for these staff reductions as the company pushes for significant operational cost cuts.