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.
OSCE Chairperson-in-Office, Minister of Foreign Affairs of Finland, Elina Valtonen told the press that "the end of the conflict between Azerbaijan and...
Tensions between Georgia and Russia resurfaced this week after Moscow declared it sees “no preconditions” for renewing political dialogue, blaming...
Georgian Foreign Minister Maka Bochorishvili is participating in the 32nd OSCE Ministerial Council holding from 3rd to 5th December in Vienna....
Iran launched naval manoeuvre in its southern waters on Thursday as it concluded on the hosting the joint counter-terrorism drills of the Shanghai Coo...
Britain has imposed new sanctions on Russia, targeting the entire GRU military intelligence agency, which was highlighted in a UK public inquiry into ...
Tensions between Georgia and Russia resurfaced this week after Moscow declared it sees “no preconditions” for renewing political dialogue, blaming Tbilisi’s insistence on de-occupation.
Georgian Foreign Minister Maka Bochorishvili is participating in the 32nd OSCE Ministerial Council holding from 3rd to 5th December in Vienna.
Iran launched naval manoeuvre in its southern waters on Thursday as it concluded on the hosting the joint counter-terrorism drills of the Shanghai Cooperation Organisation (SCO).
Britain has imposed new sanctions on Russia, targeting the entire GRU military intelligence agency, which was highlighted in a UK public inquiry into the 2018 poisoning of Dawn Sturgess, caused by the nerve agent Novichok.
For nearly three decades following the dissolution of the Soviet Union, the international system was defined by a singular, overwhelming reality: American unipolarity.
Chinese scientists have unveiled a new gene-editing therapy that they say could lead to a functional cure for HIV, making it one of the most promising developments in decades of global research.
As the year comes to an end, a new initiative bringing civil society actors and regional analysts from Armenia and Azerbaijan together is steadily gaining ground.
Faced with mounting public outrage following one of the deadliest environmental disasters in the nation’s recent history, the Indonesian government has pledged to investigate and potentially shut down mining operations found to have contributed to the catastrophic flooding on Sumatra.
Uzbekistan has reopened its border with Afghanistan for the first time since 2021, the country’s Chamber of Commerce and Industry announced on Tuesday.
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.
A Fabergé Imperial Winter Egg, commissioned by the last Russian Tsar, Nicholas II, as an Easter gift to his mother, sold for a record $30 million at auction on Tuesday.
A four-part docuseries executive produced by Curtis '50 cent' Jackson and directed by Alexandria Stapleton on Netflix is at the centre of controversy online.
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