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Disney Offers Executives Voluntary Early Retirement Packages Amid Overall Cost-Cutting Plans

What happened

EXCLUSIVE: As part of Disney’s cost-reduction efforts, the company is offering longtime executives early retirement. As laid out in an internal memo sent by Disney EVP and Chief People Officer Sonia Coleman this morning to employees ranked Director and above, the company is introducing Voluntary Early Retirement Offer (VERO), a time-limited, company-sponsored program that “will […]

Summary assembled by rule from the sources below

Why it's spreading

Timeline

  1. First appeared on DeadlineDeadline
  2. Variety started reportingVariety

Sources