@ UBS Media Week: Layoffs Coming At Disney? CFO Says Don’t Expect Any ‘Sweeping Announcements’


We’ve been hearing that layoffs are coming at the Walt Disney (NYSE: DIS) Company but CFO Tom Staggs told the lunch crowd at the UBS Global Media and Communications Conference not to expect the same kind of announcements made last week by Viacom (NYSE: VIA) and NBC Universal (NYSE: GE). Asked if Disney would be following those examples, Staggs said: “The answer is we’re actually taking a look at a lot of things. I’m not going to make a lot of sweeping announcements today. … You’ll see us taking some of those steps.” But it sounds like Disney will avoid setting an across-the board target like NBCU’s 3 percent and rely more on unit management: “We don

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