Disney planned to lay off "thousands" of workers to cut costs by 20%, Bloomberg found. In addition to reducing staff, they plan to cut other expenses. The company's CEO, Josh D'Amaro, wants to reinvest some of the savings in film and television production, technology, as well as the theme park and cruise businesses, agency sources said.

Disney planned to lay off "thousands" of workers to cut costs by 20%, Bloomberg found. In addition to reducing staff, they plan to cut other expenses. The company's CEO, Josh D'Amaro, wants to reinvest some of the savings in film and television production, technology, as well as the theme park and cruise businesses, agency sources said.