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.
Uzbekistan summoned Iran’s ambassador following claims by several Iranian diplomatic missions that the historical and architectural heri...
Kazakhstan marks Republic Day on 25 October with an ambitious economic agenda and a growing partnership with Azerbaijan, as the two Caspian neighbo...
Thousands of Israelis rallied in T...
Around 11,000 people joined a demonstration in Orléans on Saturday against the National Rally congress, according to the local prefecture.
Typhoon Champi swept past Taiwan on Saturday, leaving one person dead and more than 500 injured as strong winds and torrential rain brought down trees, cut power and disrupted transport across the island.
French President Emmanuel Macron on Friday described a deadly shooting in the towns of Trappes and La Verrière, west of Paris, as a racist attack and ‘a turning point’ for the country.
Israeli forces have maintained a tight closure on Hebron in the occupied West Bank for a second day, with Palestinian media reporting home raids, mass detentions and dozens of residents forced outside following a shooting incident the day before.
Armenian authorities have detained 10 more people in a vote-buying investigation involving the opposition Strong Armenia party, just two days before local elections in the northern town of Stepanavan.
Iran is looking to turn its centuries-old tea culture into an opportunity for trade, industrial development and tourism as it held the Second Tea Festival in the northern province of Gilan bordering the Caspian Sea.
The 12th Baku International Book Fair has opened at the Baku Expo Center, bringing together writers, publishers and cultural representatives from 30 countries to promote literature and international cultural exchange.
Here are five major events bringing sport, cinema, literature and the arts to Baku this October, as Azerbaijan’s capital welcomes international talent and visitors for a packed cultural calendar.
Baku is welcoming filmmakers and cinema enthusiasts for the 17th edition of the Baku International Film Festival (BIFF), bringing together Azerbaijani and international productions. The festival began on Wednesday and will run for six days.
A former gang leader was sentenced to 40 years to life in prison on Tuesday for orchestrating the 1996 drive-by shooting death of hip-hop star Tupac Shakur in Las Vegas, capping the prosecution of a long-unsolved murder that shaped the golden age of rap music.
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