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Disney to lay off thousands of employees

By ,
today at 4:04 PM
Published 4:15 PM

(NBC, KYMA) - Disney is planning another round of layoffs as CNBC reported Tuesday the media giant will cut several thousand jobs.

This comes after separate layoff rounds in April and September under new CEO Josh D'Amaro.

Sources told CNBC some Disney managers have been asked to cut costs by up to 20%.

Disney joins Netflix as the latest entertainment company to shrink its workforce.

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Dillon Fuhrman

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