Disney to lay off 7,000 employees – WORLD

Disney to lay off 7,000 employeesWASHINGTON (AA) – Walt Disney, one of the largest entertainment companies in the US, has announced it will lay off 7,000 employees.In a statement about the company’s balance sheet for the period October to December 2022, Disney Chief Executive Officer (CEO) Bob Iger said that the decision to exit the business was not easy to make, but issues needed to be addressed. Saying that he will also undertake a comprehensive restructuring of Disney, Iger said the restructuring will provide a more cost-effective and coordinated approach to the company’s operations. On the other hand, US e-commerce company eBay also announced that it plans to lay off 500 employees, the SEC said in a statement. and US exchanges (SEC).