Disney Retrenching With Belt-Tightening That Could Include Layoffs: Times
The Disney Studios may be headed into a period of retrenchment with some cost-cutting measures possibly leading to layoffs, according to the L.A. Times.
Disney executives are meeting this week to deal with this worsening economy and declines in ad spending .
Studio executives said Thursday that no decisions had been made on possible layoffs. People familiar with the situation have said reductions are being contemplated companywide, the Times said.
Disney spokespersons declined to comment.
Disney is not the only entertainment company to retrench in anticipation of recession.
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