Disney plans several thousand layoffs, asks some managers to cut costs by up to 20%
- The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, June 3, 2023.
- Joe Burbank | Tribune News Service | Getty ImagesDisney is planning to cut several thousand jobs, people familiar with the matter told CNBC.
- Some managers at the entertainment giant have been asked to reduce costs by up to 20%, according to the people, who asked not to be named because they were not authorized to speak publicly.
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- The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, June 3, 2023.
- Joe Burbank | Tribune News Service | Getty ImagesDisney is planning to cut several thousand jobs, people familiar with the matter told CNBC.
- Some managers at the entertainment giant have been asked to reduce costs by up to 20%, according to the people, who asked not to be named because they were not authorized to speak publicly.
Sources: Cnbc