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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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 14th of January, covering the latest developments you need to know.
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer delivered more planes during the year.
Business and political leaders are gathering in Davos for the World Economic Forum’s(WEF) annual meeting as uncertainty over the global economic and political order deepens, with U.S. President Donald Trump’s policies challenging long-standing international norms.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence and widespread communication shutdowns across the country.
The United Nations’ top court at The Hague has begun hearings on whether Myanmar committed genocide against the Rohingya ethnic minority. Gambia told judges on Monday that Myanmar targeted minority Muslim Rohingya for destruction and made their lives a nightmare in a landmark case.
Apple will use Google’s Gemini artificial intelligence (AI) models for its revamped Siri voice assistant later this year, in a multi-year deal that strengthens the tech giants’ partnership and boosts Alphabet’s position in the race against OpenAI.
President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.
Timothée Chalamet won the Golden Globe for best male actor in a musical or comedy on Sunday for his role in Marty Supreme, beating strong competition in one of the night’s most closely watched categories.
Teyana Taylor and Stellan Skarsgård were among the first winners at the Golden Globe Awards on Sunday, as Hollywood’s annual awards season got under way in Beverly Hills.
Leonardo DiCaprio, Timothée Chalamet and other top names will compete for top honours at the 2026 Golden Globe Awards, a key event in the run-up to the Academy Awards. The ceremony is due to take place on Sunday in Beverly Hills, California, recognising achievements across film and television.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
Beyoncé has officially joined the billionaire club, becoming the fifth musician to reach a 10-figure fortune, Forbes reports.
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