Disney is planning thousands of job cuts and asking some managers to target 20% in annual cost savings that could come from job eliminations as well as from expense reductions, according to people familiar with the matter. Geetha Ranganathan of Bloomberg Intelligence has more.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-11-03/disney-targets-20-cost-savings-in-thousands-of-layoffs-video)