Disney / Business

Disney Reportedly Plans More Layoffs as Some Managers Get 20% Savings Targets

Deadline reports Disney is preparing layoffs across multiple divisions while some managers have been asked for up to 20% in annual cost savings.

The Team Disney building at the Walt Disney Studios in Burbank
Image Credit: Coolcaesar via Wikimedia Commons, CC BY-SA 4.0

Disney is preparing another round of layoffs across multiple divisions, Deadline reported Sunday night, citing sources familiar with the plans.

The planned cuts would reach Disney's TV networks and motion picture studio in varying amounts, according to the report. Some managers on affected teams have been given annual cost-savings targets of up to 20%.

That percentage refers to requested annual savings, not a planned 20% reduction in jobs. Deadline said the timing remains unclear and did not confirm a final number of affected employees. Disney declined to comment.

Read Deadline's report on the planned Disney layoffs.

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