Walt Disney is firing hundreds of employees on film, television and corporate finance divisions, a source familiar with the subject on Monday said.
The cuts affect various teams around the world, including film and television marketing teams, television advertising and cast and development, according to the source.
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Disney and other companies are reformulating its business strategies in response to cable TV migration to streaming platforms.
By 2023, Disney cut 7,000 jobs as part of an effort to reduce $ 5.5 billion in costs.
In May, Disney reported above -expected results, driven by its Disney+ streaming service and the good performance of its theme parks.
Disney shares, which since the disclosure of the results report rose 21%, ran into 0.5% on Monday to US $ 112.43 each.
(Reportage departure Richwinee Em Los Angeles in Jaspreet Singh You’re You’re You’re
