Disney is cutting several hundred more jobs across its global operations, targeting departments like film, TV, and finance, as it continues to streamline costs in a rapidly evolving media landscape.
Disney has announced another round of layoffs, affecting several hundred employees worldwide, as part of ongoing efforts to reduce costs and adapt to shifting industry dynamics. The job cuts will hit departments including film and TV marketing, corporate finance, casting, and development.
The move follows last year’s sweeping layoff of approximately 7,000 employees, initiated under CEO Bob Iger’s plan to save $5.5 billion.
With traditional cable TV subscriptions in decline, Disney is under pressure to prioritize its streaming services. Despite the layoffs, the company reported strong earnings in May.
Recent film releases have had mixed outcomes. While Snow White underperformed at the box office due to poor reviews, Lilo & Stitch became a major hit, grossing over $610 million globally since its May debut.
Türkiye has reinforced its strategic partnership with Hungary, expanding cooperation in trade, energy, defence, and innovation following high-level t...
Ukraine "deeply appreciates" the humanitarian support of Pope Leo XIV. This was stated by Ukrainian President Volodymyr Zelenskyy after a meeting betw...
Ukraine is set to present a revised 20-point peace plan to the United States today, as President Volodymyr Zelenskyy and key European leaders work to ...
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport....
Kazakhstan has begun redirecting part of its crude exports, sending oil from the Kashagan field to China for the first time....
Ukraine is set to present a revised 20-point peace plan to the United States today, as President Volodymyr Zelenskyy and key European leaders work to steer Washington’s ceasefire framework away from concessions they fear could lock in Russian territorial gains.
Türkiye has reinforced its strategic partnership with Hungary, expanding cooperation in trade, energy, defence, and innovation following high-level talks between President Recep Tayyip Erdoğan and Hungarian Prime Minister Viktor Orbán in İstanbul.
Ukraine "deeply appreciates" the humanitarian support of Pope Leo XIV. This was stated by Ukrainian President Volodymyr Zelenskyy after a meeting between the two at the papal residence of Castel Gandolfo, on Tuesday, 9 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Netflix’s plan to buy Warner Bros marks a rare moment in Hollywood where scale, risk and ambition collide. The agreement, announced on 5 December, puts a price of roughly 82.7 billion dollars on one of the film industry's most influential studios.
American talk show host Oprah Winfrey has praised Australia's decision to ban social media for under-16s from next week, saying the move would help young people socialise more.
In a small town on the outskirts of Warsaw, lumps of glass are transformed into dazzling holiday decorations, as Silverado, a family-owned factory in Jozefow, polishes the tradition of mouth-blown Christmas ornaments, captivating buyers across the globe and spreading festive cheer.
Israel’s participation in next year’s Eurovision Song Contest will be discussed on Thursday (4 December), as the organising body, the European Broadcasting Union (EBU) meet in Geneva to consider whether the country can compete amid threats from some nations to withdraw over the ongoing Gaza war.
The Louvre Museum in Paris on Tuesday unveiled renovated galleries showcasing 17th and 18th-century Italian and Spanish paintings and opened its new Gallery of the Five Continents.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment