Disney Considers Thousands of Job Cuts in Cost Drive
Walt Disney is reportedly considering cutting thousands of jobs as part of a restructuring aimed at saving costs. Company leaders have asked managers to find 20% in annual cost savings. The move follows challenges including lower box office revenue, which is money earned from cinema ticket sales.
Context
Context: Disney is one of the world's biggest entertainment companies, earning from films, TV, streaming and theme parks. Across the industry, studios have cut staff as cinema audiences shift and rivals compete for viewers.
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