Walt Disney Co. announced further layoffs, impacting several units including film and television marketing, and corporate operations. While the exact number remains undisclosed, the cuts follow previous rounds in March and April 2023, totaling thousands of jobs. Disney cites the need for efficient management and cost-cutting amid industry transformation. Despite recent positive Q2 revenue, the company aims to streamline operations. Stock prices experienced a slight dip following the announcement.

Prepared by Christopher Adams and reviewed by editorial team.