Disney eyes thousands of layoffs, managers asked to cut 20% in costs, Bloomberg News reports

Nov 2 (Reuters) – Walt Disney is eyeing thousands of job cuts and is asking some managers to target 20% in annual cost savings, Bloomberg News reported on Monday, citing people familiar with the matter. 

Reuters could not immediately verify the report.

(Reporting by Abu Sultan in Bengaluru; Editing by Rashmi Aich)

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