The company Disney, which has been a symbol of childhood for many for decades, has announced its intention to implement mass layoffs. According to Bloomberg, the management has asked managers to find ways to reduce annual expenses by 20%.
Scope of Layoffs
The layoffs may particularly impact various divisions of Disney, including:
- theme parks;
- television channels;
- film studios.
These measures are part of a cost-cutting strategy that has been ongoing for several years. In the last financial year, the company employed approximately 231,000 people worldwide.
Future Plans
Despite the layoffs, part of the saved funds is planned to be reinvested in:
- the production of new films and series;
- modern technologies;
- the development of theme parks;
- the cruise business.
This indicates that the company is trying to adapt to new market conditions despite the challenges it faces.
Disney's Silence
At the time of publication, Disney had not provided official comments regarding the information published by Bloomberg. This has raised additional questions about the company's strategy in conditions of economic instability.