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Stock impact report

The Walt Disney Co. begins laying off 1,000 employees [Yahoo! Finance Canada]

Sony Group Corporation American Depositary Shares (SONY) 
Josh D'Amaro, who in February , announced broader layoffs following a move in January to consolidate Disney's marketing division. The cuts are expected to fall across the Burbank, California-based company's traditional television businesses, including ESPN, as well as its movie studio. Employees in product and technology, and in certain corporate functions will also be affected. “Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” D'Amaro said in a memo to employees obtained by The Associated Press. “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow's needs.” Disney last went through a round of layoffs soon after as chief executive office in 2022. The company cut around 8,000 jobs then. As o Show less Read more
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