Disney Mulls Layoffs, Citing A Need To Eliminate 'Redundancies'

Disney layoffs
Disney layoffs

By Ronald Grover

Walt Disney Co, which reported record earnings in November, started an internal cost-cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters.

Disney, whose empire spans TV, film, merchandise and theme parks, is exploring cutbacks in jobs no longer needed because of improvements in technology, one of the sources said.