Disney Layoffs Could Hit Thousands, With Some Managers Told to Cut 20%
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Disney layoffs could reach into the thousands, with some managers reportedly instructed to target 20% in annual cost savings, according to a Bloomberg report. CEO Josh D'Amaro plans to reinvest a portion of the savings into content, parks, cruises, and technology. The scale of that reinvestment will likely determine how much of the cost cuts flow through to shareholder earnings. Investors should watch for confirmation of headcount figures and details on reinvestment allocation in upcoming company disclosures.
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Disney (DIS), Josh D’Amaro
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