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Walt Disney is planning to cut up to 1,000 jobs in the coming weeks.
Disney plans to cut up to 1,000 jobs, mainly in its marketing division.
KEY POINTS
- Disney's job cuts were initiated before Josh D’Amaro became CEO in March.
- Disney's CMO Asad Ayaz is consolidating marketing under 'Project Imagine' to reduce costs.
- Oracle may be laying off 20,000 to 30,000 employees, about 18% of its global workforce.
- HSBC is considering job cuts in non-client-facing roles as it deploys AI to streamline operations.
COMPANIES
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