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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The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
China launched its largest military parade on Wednesday, showcasing growing firepower as President Xi Jinping sought to project Beijing’s role on the global stage. Russian President Vladimir Putin and North Korean leader Kim Jong Un were among the leaders attending at Tiananmen Square.
Ukraine’s air defence systems were activated in Kyiv on Wednesday as the capital came under a new Russian air attack. Authorities urged residents to remain in shelters during the strikes.
President Ilham Aliyev and First Lady Mehriban Aliyeva have arrived in Beijing to join the commemorations marking the 80th anniversary of the Victory in the Chinese People's War of Resistance against the Japanese occupation and World War II.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Rapper Cardi B appeared in court on Tuesday (September 2) for closing arguments in a civil case brought by her former security guard, Emani Ellis. The Grammy-winning artist, whose real name is Belcalis Marlenis Almanzar, is accused of assault and discrimination during an incident in 2018.
Anna Wintour has finally named Chloe Malle as Vogue U.S.'s head of editorial content, after stepping down as editor-in-chief in June, according to CNN.
Jessie J has cancelled her upcoming tour after sharing she needs a second surgery following her breast cancer diagnosis.
Archaeologists in south eastern Türkiye have unearthed carved stone animals that shed new light on how prehistoric people told stories. A fox, a vulture, and a wild boar—each about 3.5 cm tall—date back some 11,500 years.
Music mega-star Taylor Swift and National Football League player Travis Kelce announced their engagement. “Your English teacher and your gym teacher are getting married," the couple wrote in a joint Instagram post, alongside photos of Kelce proposing to Swift in a garden of pink and white flowers.
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