All articles tagged with #employee reduction
Walt Disney Co. is laying off hundreds of employees across various units as part of ongoing cost-cutting efforts, following previous layoffs in March and April, to improve efficiency amid industry transformation, despite reporting a 7% revenue increase in Q2.
Disney is laying off several hundred employees globally as part of ongoing cost-cutting measures aimed at improving efficiency and profitability, particularly focusing on marketing, publicity, casting, development, and financial operations, amidst broader strategic realignments including a planned reduction of 7,000 jobs in 2023.
Disney is conducting a new round of layoffs affecting several hundred employees across various departments including TV, film, marketing, publicity, casting, development, and corporate finance, as part of its efforts to improve operational efficiency. These cuts follow multiple layoffs over the past year, with the company aiming to streamline its workforce without eliminating entire teams.
Germany will remove at least 100 employees from its missions in Russia after Moscow imposed limits on the numbers allowed to work in the country. The affected employees include teachers and other staff of schools and the Goethe Institute. The move is necessary to maintain the right balance for Germany's diplomatic presence. The limit, announced in April, is described as "unilateral, unjustified and incomprehensible" by a source with the German foreign ministry. Relations between Russia and Germany have broken down since Moscow launched a full-scale invasion of Ukraine in February 2022 and the West responded with sanctions and weapons supplies.