Walt Disney executives ordered managers to cut annual expenses by 20%. Completing this task could result in thousands of workers being laid off. The corporation intends to direct the saved funds back to business - to produce film and television programs, technology, theme parks and the cruise line. We are talking about redistributing the budget between areas, and not just about cutting costs for short-term savings. Disney is trying to maintain capacity for new projects while reducing operating costs across all of its divisions. However, such alignment would be difficult to implement without employment implications if cost-cutting affects personnel budgets. Disney has already cut staff in recent years. The decline of traditional television and the slowing growth of subscriptions to streaming services have added to the pressure on its revenue model. The new requirement to save a fifth of annual expenses shows that previous measures were not enough to ease the financial pressure. economy.