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Walt Disney is preparing to cut thousands of jobs as the entertainment giant seeks 20 percent annual cost savings from some divisions, Bloomberg reported Monday, citing people familiar with the matter.

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Walt Disney is preparing to cut thousands of jobs as the entertainment giant seeks 20 percent annual cost savings from some divisions, Bloomberg reported Monday, citing people familiar with the matter.

Walt Disney is preparing to cut thousands of jobs as the entertainment giant seeks 20 percent annual cost savings from some divisions, Bloomberg reported Monday, citing people familiar with the matter.

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