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Market Impact: 0.35
Disney Targets 20% Cost Savings in Thousands of Layoffs
Source: Bloomberg
M&A & RestructuringCompany Fundamentals
Disney is planning thousands of job cuts and has asked some managers to target 20% in annual cost savings, according to people familiar with the matter. The savings could also come from expense reductions; the report does not specify a timeline or confirmed number of positions.
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