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Disney laying off several hundred in film, TV and finance

Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar with the matter has said.
Disney is laying off several hundred employees in its film and television finance departments as part of a broader cost-cutting initiative aimed at achieving $5.5 billion in savings, with $3 billion coming from content specifically. These layoffs, which began this week, are part of a second round of job cuts following an initial reduction of 7,000 positions announced earlier in the year. The move is intended to streamline operations and reduce costs across the company, affecting employees in the studio and corporate sectors. Disney has not disclosed the exact number of employees affected by these latest layoffs but emphasized that the cuts are necessary to meet financial targets and improve efficiency.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/disney-laying-off-several-hundred-in-film-tv-finance/ar-AA1FX5uh ]