Disney to Cut Thousands of Jobs Across All Regions

Walt Disney Co. is reportedly set to lay off thousands of employees next week, including about 15% of the Disney staff in the entertainment division. The job cuts will affect every region where Disney operates, including TV and film divisions, theme parks, and corporate positions. This move comes as part of the company's cost-cutting measures to save $5.5 billion in annual costs, and follows the announcement of 7,000 job cuts in February.