The Walt Disney Co. has begun a broad round of layoffs, which will result in 1,000 jobs being cut across multiple divisions within the Burbank entertainment giant. The layoffs, which began Tuesday, will ripple across Disney’s television and movie studios, sports giant ESPN, its product and technology unit, corporate functions and marketing, according to a…
Walt Disney Co. is planning an extensive round of layoffs in the coming weeks, according to a source familiar with the matter but unauthorized to comment. The move comes nearly three months after Disney unveiled a more streamlined management structure that sought to centralize its sprawling marketing operations. Disney declined to comment. The total number…
After seven weeks on strike, members of the Writers Guild Staff Union are losing their healthcare. The staff typically has access to the same plan offered to the Writers Guild members through the Producer-Writers Guild of America Health Plan. Employees represented by the staff union earn coverage on a month-to-month basis if they worked 31…
Epic Games, the developer of the popular video game “Fortnite,” is laying off more than 1,000 employees and cutting $500 million in costs. Chief Executive Tim Sweeney announced the cuts Tuesday morning in a message to employees. He said it has nothing to do with artificial intelligence and instead pointed to what he said was…
In a stunning move, CBS News is shutting down its radio division, getting out of the medium where its storied history began nearly 100 years ago. CBS News Radio will stop offering its service to its 700 affiliate stations on May 22. “While this was a necessary decision, it was not an easy one,” the…
