Layoffs news headline

CNBC reports:

Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs.

[Its trading update released yesterday can be found here.]

The media and entertainment giant said it would now be made up of three divisions:

– Disney Entertainment, which includes most of its streaming and media operations

– An ESPN division that includes the TV network and the ESPN+ streaming service

– A Parks, Experiences and Products unit 

The move marks the most significant action Bob ...

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