From Yahoo Finance: 2025-06-02 15:32:00

Disney is laying off hundreds of employees globally to cut costs, adapting to the shift from cable to streaming. The company is focusing on direct-to-consumer platforms and digital distribution. This follows a series of job cuts and financial improvements, with plans to expand into the Middle East. Shares have surged over 20%.



Read more at Yahoo Finance: Disney to lay off several hundred employees globally