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Stock impact report

Disney plans extensive round of layoffs in the coming weeks [Yahoo! Finance]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Walt Disney Co. is planning an extensive round of layoffs in the coming weeks, according to a source familiar with the matter but unauthorized to comment. The move comes nearly three months after Disney unveiled a more streamlined management structure that sought to centralize its sprawling marketing operations. Disney declined to comment. The total number of layoffs could be as many as 1,000, according to the Wall Street Journal, which first reported news of the planned cuts Many of the layoffs are expected to come from the recent consolidation of Disney's marketing department. After taking the reins last month, D'Amaro told employees he wants the Burbank media and entertainment giant — which includes film and TV studios, a tourism division, streaming services and live sports programming — to operate as “one Disney,” saying the global businesses all play a role in deepening consumers' relationship with Disney and its characters. Like many studios in Hollywood, Disney has Show less Read more
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