Disney eyes thousands of layoffs, asks managers to target 20% savings: report

Walt Disney is considering the layoff of thousands of employees to reduce annual costs by 20 percent. According to reports from Bloomberg News and Breitbart, the company has asked managers to target these specific savings as part of a broader financial plan. These potential job cuts are intended to streamline operations and meet the aggressive cost-reduction goals set by the organization, reflecting a significant shift in the company's current workforce and expenditure management strategy.