Digital Desk | New Delhi, Nov 3 (IANS) Walt Disney Co.
is considering a fresh round of workforce reductions as part of a broader effort to lower expenses with some managers being asked to identify annual cost savings of up to 20 per cent, according to multiple reports.
According to the reports, the decision comes as Chief Executive Officer Josh D'Amaro confronts a range of challenges facing the entertainment giant, including the increasing adoption of artificial intelligence (AI) across the industry, softer box office performance, heightened competition in the streaming market and slower growth in attendance at international theme parks.
The proposed restructuring would not affect all business units equally with some operations expected to shoulder a larger share of the reductions than others.
A portion of the savings generated through the initiative is expected to be redirected toward strategic growth areas, including film and television content, technology, theme park operations and Disney's expanding cruise business.
However, Disney did not immediately respond to requests for comment outside regular business hours, according....
