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After Meta and Twitter, Disney announces layoffs amid quarterly loss of $1 5 billion

Walt Disney Co. posted poor quarterly earnings, and the company s shares have dropped significantly in recent months.

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Disney to slash its budget and lay off employees, reports say

Bob Chapek announced a ban on all non-essential work travel and a freeze on new hires except for a few critical positions, according to a memo.

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Disney To Reduce Its Workforce Soon, A Round of Layoffs Predicted

The number of workers to be laid off at Disney is still unclear. Bob Chapek, the CEO of Disney, predicts reducing its workforce after the company reviews its spending based on a leaked memo published by CNBC.

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