Disney Cost Cutting to Include Layoffs

24/7 Wall St.

Disney logoWalt Disney Co. (NYSE: DIS) may be considered by Wall St. to be among the best-run media giants in the world. That status will not protect some significant number of the company’s employees.

According to Reuters:

Walt Disney Co, which reported record earnings in November, started an internal cost cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters.

Disney, whose empire spans TV, film, merchandise and theme parks, is exploring cutbacks in jobs no longer needed because of improvements in technology, one of the people said.

It is also looking at redundant operations that could be eliminated after a string of major acquisitions over the past few years, said the person, who did not want to be identified because Disney has not disclosed the internal review.

Executives warned in November that the…

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One response to “Disney Cost Cutting to Include Layoffs

  1. Shellie Dickson

    i think i heard about this not too long ago, still interesting though,

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