Disney slashing hundreds of jobs in film, TV as Hollywood facing industry turmoil: report
1. Disney is laying off several hundred employees across various departments. 2. These layoffs are part of a response to the shift from cable TV to streaming. 3. In 2023, Disney cut 7,000 jobs to save $5.5 billion. 4. May earnings exceeded expectations due to Disney+ and strong park results. 5. Despite a recent 21% rise, DIS shares fell 0.5% on Monday.