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Stock impact report

After Sony, Disney Orders Massive Layoffs in First Cuts Under New CEO – Report [Yahoo! Finance]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Yahoo! Finance
Company is now reportedly moving ahead with a new round of layoffs . As per new reports, the planned layoffs could affect a significant number of employees. Disney to lay off employees for the first time under Josh D'Amaro The Walt Disney Company is preparing to cut up to 1,000 roles in the coming months, according to Wall Street Journal . The move marks the first set of layoffs during the leadership of CEO Josh D'Amaro, who formally took charge earlier this year. The reductions are expected to affect multiple divisions across the company, with a significant number of roles related to recent changes in its marketing operations. The job cuts follow a restructuring that combined marketing teams across Disney's film, television, and streaming businesses. As part of that consolidation, Asad Ayaz was appointed Chief Marketing and Brand Officer to oversee the new division. Many of the planned job cuts are linked to the recent consolidation of these marketing operations. The company' Show less Read more
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