Disney (DIS.US) plans to lay off thousands of employees! Some management has been asked to cut costs by up to 20%, continuing to "slim down" after the new CEO takes office.

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