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.
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Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Country music legend Dolly Parton, whose songs, unmistakable style and warmth made her one of America’s most enduring entertainers, has died aged 80, her family said on Tuesday.
Kanye West’s first solo concert in Central Asia delivered an estimated five billion tenge ($11 million) tourism boost to Almaty, drawing 31,000 spectators from more than 50 countries.
American actress Hayden Panettiere, known for her roles in TV shows such as Nashville and Heroes, has died at the age of 36, ABC News reported on Sunday, citing her representative.
Four artworks by 15th-century painter Antonello da Messina have been stolen overnight from the Museo Regionale di Messina, Italy's culture minister said on Sunday, expressing confidence in the police inquiry.
Cristiano Ronaldo has given one of his clearest indications yet that his playing career is nearing its end, saying the 2026-27 season will “probably” be his last in professional football.
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