Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings
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Walt Disney is moving toward thousands of job cuts with the entertainment giant asking some managers to target 20% in annual cost savings, according to people familiar with the matter. The savings could come from job eliminations as well as from expense reductions, said the people, who asked to not be identified because the discussions are private. Bloomberg's Geetha Ranganathan joins to discuss.
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