The company experienced a sharp decline in its traditional TV business for the second straight quarter and will raise subscription prices for its streaming services.
Category: Disney Plus
Disney To Lay Off About 7,000 Employees as It Cuts $5.5 Billion in Costs
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But about 7,000 employees are expected to be laid off.