Disney makes hundreds more layoffs as it cuts costs

Disney announces more layoffs, impacting its film, television, and finance departments globally. These cuts come as the company faces challenges due to the shift from cable TV to streaming platforms. Despite reporting strong earnings driven by Disney+, the company continues to streamline operations and fuel innovation, impacting around 233,000 employees worldwide. The industry giant owns Marvel, Hulu, and ESPN and recently released films like Captain America: Brave New World and Lilo & Stitch which have seen varying box office success.