Even Disney pulls out the scissors

Iger makes corporate changes following his predecessor’s departure that results in job losses.

Karen Moltenbrey

The Walt Disney Company restructures its corporate divisions, resulting in layoffs and, potentially, big savings. Meanwhile, sequels to three of its big hits, including Toy Story, are planned. The hardware industry has had a rough time of it during the fourth-quarter 2022, as indicated in their financial reportings. Elsewhere, tech giants have experienced their fair share of pain, too, resulting in recent large-scale layoffs as many continue to work on headline-grabbing technology such as AR/VR/MR, the metaverse, and AI. The once seemingly invincible Disney is also feeling some heat, announcing 7,000 job cuts (3.6% of its global workforce) as part

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