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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Iran’s Assembly of Experts has backed withdrawing from the Nuclear Non-Proliferation Treaty (NPT) and overhauling the country’s defence doctrine, calling both steps essential to national security and deterrence.
President Vladimir Putin agreed on Thursday to let European representatives join the next round of Ukraine peace talks while the United States continues to work towards what could become the largest prisoner exchange of the Russia-Ukraine war.
Microsoft struggled to restore its services on Friday after a major outage disrupted Outlook, Teams and Copilot across the United States and Asia-Pacific region.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
Kazakhstan-linked hackers stole thousands of national security documents from Tajikistan, a cybersecurity company has said.
At just 25, Azerbaijani actor Eldar Isgandarov is making his mark on the international film scene, with roles in three A24-linked projects and appearances at major film festivals. His rising profile is also shining a spotlight on his Azerbaijani roots.
Turkmenistan has secured its first entry in UNESCO’s Memory of the World Asia-Pacific Regional Register, following the approval of a historical collection documenting the life and work of Abu Ishaq Ibrahim ibn Adham.
The Metropolitan Museum of Art has announced that its 2027 Costume Institute exhibition and Met Gala will explore how designers transform everyday clothing and ordinary materials into works of art.
Australia has returned two ancient stone statue heads to China, more than 30 years after they were taken from imperial tombs in central China.
Uzbekistan is launching a new fashion academy in Tashkent to help local clothing manufacturers build their own brands, sharpen design skills and compete in international markets.
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