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)