The Zhitong Finance App learned that, according to people familiar with the matter, Disney (DIS.US) is planning to cut thousands of employees as part of a new round of cost reduction measures. Some managers have been asked to cut costs by up to 20%. This will be another round of massive layoffs Disney has implemented since CEO Josh D'Amaro took office earlier this year.

The Zhitong Finance App learned that, according to people familiar with the matter, Disney (DIS.US) is planning to cut thousands of employees as part of a new round of cost reduction measures. Some managers have been asked to cut costs by up to 20%. This will be another round of massive layoffs Disney has implemented since CEO Josh D'Amaro took office earlier this year.