Disney instructs managers to identify layoff candidates, may cut 4,000 jobs in April: Report
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Entertainment giant Disney has directed managers to propose budget cuts and compile lists of employees who will be laid off in the coming weeks, the media reported. It is unclear whether Disney will start laying off employees in small batches or lay off thousands all at once, but the company will announce that at least 4,000 current employees will be laid off sometime in April, reports Business Insider, citing sources.