Disney weighs sweeping layoffs, with thousands of jobs at risk as CEO Josh D’Amaro targets 20% cost cuts
Walt Disney is considering cutting thousands of jobs and has asked some managers to target 20% in annual cost savings, Bloomberg News reported on Monday, citing people familiar with the matter.
The reported restructuring effort comes as CEO Josh D’Amaro navigates challenges including the growing use of AI, weaker box office revenue, intensifying competition from streaming rivals and a slowdown in international attendance at the entertainment company’s theme parks.
