Disney is cutting hundreds of jobs. It wants to reduce its costs. The new job losses are in marketing. A spokesperson said that as the industry changes, Disney would keep being creative. He added that people want creativity and innovation. Disney's boss said the cuts would keep the company healthy.
Disney is one of the world's most famous companies. It started in 1923. In 1928, it made a cartoon. This was the debut of Mickey Mouse. Disney is now a big company. It owns companies like Pixar and National Geographic. It also has many theme parks around the world. It will build a new park in Abu Dhabi.
Try the same news story at these levels:
Disney - Level 1, Disney - Level 2 or Disney - Level 3
Sources- https://www.foxbusiness.com/lifestyle/disney-cuts-hundreds-tv-film-jobs-amid-streaming-expansion
- https://finance.yahoo.com/news/disney-to-lay-off-several-hundred-employees-globally-193146536.html
- https://www.aol.com/disney-lays-off-hundreds-employees-181740241.html
- https://en.wikipedia.org/wiki/The_Walt_Disney_Company
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