Disney is in the process of laying off thousands of employees under CEO Bob Iger's restructuring plan.
While the company's theme park and theatrical divisions have rebounded from the pandemic, its streaming and traditional media segments are slowing down.
Disney is also feuding with Florida Gov. Ron DeSantis, feeling the effects of the writers strike and in the process of laying off thousands.Writers walk the picket line on the second day of the television and movie writers' strike outside Disney Studios in Burbank, California on May 3, 2023.
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