California job losses slow in January as cuts surge nationwide [Los Angeles Times (CA)]
Walt Disney Company (The) (DIS)
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Source: Los Angeles Times
U.S. employers announced 108,435 cuts in January, more than twice the 49,795 during the same month last year — and triple the 35,553 announced in December, according to outplacement firm Challenger, Gray & Christmas. The January totals were the highest for the month since 2009, when the financial crisis was ongoing. They included 30,000 cuts by UPS as it winds down ties with Amazon, and 16,000 cuts by the online retail giant itself, which closed retail stores and thinned management ranks. “Generally, we see a high number of job cuts in the first quarter, but this is a high total for January,” said Andy Challenger, an executive at the outplacement firm. U.S. employers last month announced plans to hire just 5,306 workers, the lowest total for the month, Challenger said, since it began tracking hiring plans in 2009. In December, employers said they planned to hire 10,496 workers. Tariffs and persistent inflation have been cited by economists as a drag on the economy. The mass
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DIS
Earnings
- 2/2/26 - Beat
DIS
Sec Filings
- 2/3/26 - Form 8-K
- 2/2/26 - Form 10-Q
- 2/2/26 - Form 8-K
- DIS's page on the SEC website