Disney to lay off 7K employees to cut costs: CEO

[ad_1] San Francisco: Entertainment giant Disney is laying off 7,000 employees to cut costs, its CEO Bob Iger has announced. During the company’s earnings call for its December quarter, he said the move is “necessary to address the challenges we’re facing today”. “I do not make this decision lightly. IContinue Reading

Spotify to lay off employees amid deepening slowdown

[ad_1] New Delhi: Swedish music streaming giant Spotify is expected to lay off employees this week amid the deepening economic slowdown, the media reported on Monday. The number of workers to be fired wasn’t specified at the moment, reports Bloomberg, citing sources. The company had nearly 9,800 employees, as lastContinue Reading