Disney layoffs ‘extremely painful’ but necessary, says president Dana Walden

Disney layoffs ‘extremely painful’ but necessary, says president Dana Walden

Los Angeles, October 2 Walt Disney Company President Dana Walden has described the company’s recent layoffs as “extremely painful” but necessary as the entertainment giant faces intensifying competition in streaming and rapid technological changes. Speaking at the Bloomberg Screentime conference in Los Angeles on Thursday, Walden said Disney had recently parted ways with employees she […] The…

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