BURBANK (dpa-AFX) - The Walt Disney Company (DIS), is planning thousands of job cuts as part of a broader cost-reduction effort, Bloomberg reported citing people familiar with the matter.
The entertainment giant has asked some managers to target 20% in annual cost savings, which could include job cuts as well as other expense reductions, the report said.
On the NYSE, Disney shares closed up nearly 2% at $113.11 on Monday.
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