Walt Disney Co has begun a second round of layoffs as part of an earlier announced restructuring expected to result in 7,000 job losses.
The media giant has been under pressure as its traditional television and film business shrinks, while its streaming unit continues to post big losses.
Chief executive Bob Iger announced the $5.5bn cost-cutting drive in February.
This week’s cuts are expected to bringing the total number of reductions so far to 4,000.
The losses will fall across the company, including at sports channel ESPN and film studios…
Read the full article at: https://au.news.yahoo.com/disney-cuts-more-jobs-restructuring-143620196.html