Event JSON
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"Disney makes hundreds more layoffs as it cuts costs"
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"Disney has announced further job cuts, impacting multiple teams, including marketing departments for its film and television units, as well as casting and development and corporate finance departments. The company has been under pressure due to the decline of cable TV subscriptions and the rise of streaming platforms. Despite reporting stronger-than-expected earnings, Disney is continuing to evaluate ways to manage its businesses efficiently and fuel creativity and innovation."
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