Disney lays off hundreds of employees, this is third round of job cuts this year; here’s what CEO Josh D’Amaro told shareholders hinting at cuts – FinSiddhi
Business News

Disney lays off hundreds of employees, this is third round of job cuts this year; here’s what CEO Josh D’Amaro told shareholders hinting at cuts

FinSiddhi

Disney announced additional layoffs affecting human resources and IT teams across several corporate and business divisions. This decision follows previous job reductions made in April and July of 2026. CEO Josh D’Amaro and CFO Hugh Johnston highlighted cost-cutting measures in a letter to shareholders. The company aims to create incremental capacity for growth by evaluating various cost-saving strategies. Disney had approximately 231,000 employees as of September 2025.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

Bajaj Finserv Q1 Results: Net profit rises 12% YoY to Rs 3,132 crore; shares rally 5%

Bajaj Finserv announced a twelve percent rise in net profit for the first quarter. The company’s revenue from operations also increased nineteen percent year-on-year. Interest income saw a rise of over eighteen percent during the same period. These positive financial results pushed the company’s shares higher by more than five percent. The reported figures reflect…

QSR stocks near turning point as risk-reward turns favorable, says Motilal Oswal

The Indian quick-service restaurant (QSR) sector is entering a favourable phase after a challenging period, according to Motilal Oswal Financial Services. The brokerage believes easing valuations, improving operational trends, and long-term consumption growth could support a recovery in QSR stocks. It remains selective in the space and highlights Jubilant FoodWorks, Sapphire Foods India, Westlife Foodworld,…