Disney slices more than 300 streaming jobs in China: report

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Disney slices more than 300 streaming jobs in China: report
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Walt Disney Co. has axed more than 300 streaming employees in China, the latest purge in its cost-cutting program to eliminate 7,000 jobs that started in...

Walt Disney Co. DIS has axed more than 300 streaming employees in China, the latest purge in its cost-cutting program to eliminate 7,000 jobs that started in earnest this week. The layoffs affected employees working in personalization, search and customer identification for Disney’s streaming services, according to a Wall Street Journal report on Wednesday. Earlier in the day, Isaac Perlmutter, the billionaire who sold Marvel Entertainment to Disney in 2009, was let go.

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