The Impact of Recession: Disney Announces Third Round of Layoffs Amidst Writers’ Strike
Explore the ongoing global recession and its far-reaching consequences, with Disney once again making headlines for its latest round of layoffs. Discover the details behind Disney’s decision to hand over pink slips to over 2,500 employees, along with the removal of titles from its streaming platform. Learn about the challenges faced by media companies amidst the writers’ strike and their demands for higher pay and changes to work rules. Uncover the previous job cuts at Disney and its CEO’s plans for restructuring and cost-saving measures. Delve into the implications of the streaming business’s quarterly loss and the leadership shakeup at Disney.