Disney will lay off thousands of workers to cut costs. Bloomberg Disney executives challenged management to cut annual costs by 20%. They plan to save money, including through mass layoffs, Bloomberg reports. Staff cuts will affect TV channels, movie studios and theme parks. Disney has already laid off thousands of workers recently. In total, at the end of the last financial year, the company employed about 231 thousand workers.

Disney will lay off thousands of workers to cut costs. Bloomberg Disney executives challenged management to cut annual costs by 20%. They plan to save money, including through mass layoffs, Bloomberg reports. Staff cuts will affect TV channels, movie studios and theme parks. Disney has already laid off thousands of workers recently. In total, at the end of the last financial year, the company employed about 231 thousand workers.