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Disney eyes thousands of layoffs, managers asked to cut 20% in costs, Bloomberg News reports

Reuters

Nov ‌2 (Reuters) - Walt Disney ​is ‌eyeing thousands ‌of job cuts ‌and is asking some managers ⁠to ‌target 20% ⁠in annual ​cost savings, Bloomberg ​News ​reported ‌on Monday, ​citing ⁠people familiar ‌with the ​matter.

Reuters ​could not immediately verify the ‌report.

(Reporting by ‌Abu Sultan ​in Bengaluru; Editing by ‌Rashmi Aich)