Disney Considers Thousands of Job Cuts as Company Targets 20 Percent Cost Reduction

Disney is considering thousands of layoffs as part of an effort to reduce costs by 20 percent. The reported plans follow the elimination of at least 100 positions within the company's theme parks division less than a week earlier.

The potential reductions represent another development in Disney's ongoing cost management efforts. The company has not announced a final number of positions that would be affected.