fbpx

Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Walt Disney to lay off nearly 300 staff in the US

According to a report by Deadline, citing sources, Walt Disney (NYSE: DIS) is set to lay off about 300 employees in the United States.

The lay-offs are to affect the company’s corporate operations, including legal, HR, finance and communications.

At the same time, the lay-offs will not impact Walt Disney Co’s operations at Parks, ESPN and Disney Entertainment, the report stated.

In July, Walt Disney had said it would cut about 140 jobs at Disney Entertainment Television.

Stock Performance

The shares of Walt Disney Company (DIS) closed 1.36% ($1.28) higher at $95.20 in New York on Thursday, as they extended the gains from the previous two market sessions.

The company’s total market cap now stands at $172.654 billion.

The shares of Walt Disney Company (DIS) went up 3.92% in 2023, compared with a 24.23% gain for the benchmark index, S&P 500 (SPX).

The company’s shares have risen 5.44% so far this year.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News