Disney reportedly planning to layoff thousands of people next week
Bloomberg, citing people familiar with the plans said the company would cut about 15% of the staff in its entertainment division. Disney Entertainment, a unit created in a restructuring this year, would also be impacted, the report said.Some workers will be notified as early as Monday.The move was part of major restructuring aimed at saving the company billions and wasBob Iger attends a basketball game between the Los Angeles Clippers and the Phoenix Suns at Crypto.
Disney said then that it plans to save $5.5 billion in its overhaul, cutting $1.5 billion in operating costs and another $3 billion from reductions in non-sports content — including the job cuts.to announce layoffs in recent months follow the actions of Wall Street and tech giants.Walt Disney Co. did not immediately respond to Fox Business Digital's request for comment.
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