earnings call

Disney sacks 7,000 employees as streaming service profit declines

Last updated : Feb 10, 2023 16:02
SportzPower Team
Feb 09, 2023 18:02

The Walt Disney Company is the latest media and technology sector major to resort to layoffs to "help achieve" cost savings. The House of Mouse is planning to lay off 7,000 employees across the network. 

The layoffs at Disney follow similar moves by US tech giants that have terminated thousands of employees as companies dial back a hiring spurt that began during the height of the pandemic. 

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