The Walt Disney Company has confirmed another round of layoffs affecting several hundred employees across its film, television, and finance divisions. This cost-cutting move is part of Disney’s efforts to streamline operations amid challenging economic conditions and a shifting entertainment landscape.
Disney aims to improve operational efficiency while continuing to invest in its streaming platforms and theme park expansions. Employees impacted by the layoffs will receive severance benefits and job placement assistance.
Disney’s leadership remains focused on innovation and content creation while managing costs effectively.
Official source:
Times of India
