Disney has cut billions of dollars worth of costs and eliminated thousands of positions in recent years.
More Layoffs At Disney? Managers Told To Target 20% Cost Cuts
In short
Internal supervisors across the organization have been ordered to locate 20% in cost reductions, raising the likelihood of additional employment terminations. This cost-cutting mandate comes on the heels of major corporate downsizing efforts executed over recent years. During those earlier initiatives, the company successfully removed billions of dollars in expenses while eliminating thousands of staff roles. The new savings mandate suggests that previous reductions were not sufficient to meet current internal financial goals.
Key points
- The entertainment company is seeking another significant reduction in expenses despite pr…: The entertainment company is seeking another significant reduction in expenses despite previous massive cuts.
- Employees face the possibility of further job losses as supervisors look to fulfill reduc…: Employees face the possibility of further job losses as supervisors look to fulfill reduction targets.
- Previous restructuring efforts in recent years have already resulted in the loss of thous…: Previous restructuring efforts in recent years have already resulted in the loss of thousands of positions.