Disney announces a second wave of layoffs, laying off thousands of employees.

Market Trends

The layoffs will affect all business sectors of the corporation.

Including Disney Entertainment, ESPN, Disney Parks, Experiences, and Products. 

According to Reuters, Disney began its second wave of layoffs on Monday, terminating thousands of employees.

The recent layoffs raise the overall number of layoffs to nearly 4,000. 

This comes following rumors that the media firm plans to cut 7,000 positions in order to save $5.5 billion in expenditures.

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