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Walt Disney Company to Cut Thousands of Jobs to Reduce Costs

Investing.com +3 · ·by G4L

DIS Walt Disney Co
$118.23 -1.19%
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  1. 1The Walt Disney Company is pursuing thousands of job cuts to reduce costs and improve profitability.
  2. 2The company has asked some managers to achieve a 20% annual cost reduction target for the Walt Disney Company.
  3. 3CEO Josh Amar to reinvest part of the savings into film and TV programming, technology, theme parks, and cruise businesses.

So what's the key point?

The Walt Disney Company has decided to reduce its workforce by thousands of employees to save money. Some of the saved costs will be reinvested into businesses such as movies and theme parks.

Source Investing.com +3 · View original ↗

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