Corporate America is experiencing a surge in layoffs as companies respond to economic pressures from President Donald Trump's tariff policies and artificial intelligence adoption reshaping workforce needs.
Meta is securing exclusive VR content from Hollywood studios to attract users to its upcoming premium VR headset, "Loma," which aims to compete with Apple's Vision Pro at a lower price point.
Walt Disney lost its legal bid to block Justin Connolly from leaving the company to join YouTube, with a court ruling allowing Connolly to take on the role of global head of media and sports.
Disney’s diversified revenue model, world-class brand recognition, and strategic expansion into gaming and international markets position it as a top contender for long-term growth.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
The report said the size of the cuts at the film and TV businesses were comparable, and most of the eliminated television staffers are based in Los Angeles.
Shares of Walt Disney Company (NYSE: DIS) are treading water on Monday. New reports indicate the company is initiating another round of layoffs impacting several hundred employees globally.
Jony Ive learned from Steve Jobs that the hardest part of creativity is having the nerve to drop most ideas. This lesson has been adopted by other CEOs, including Salesforce's Marc Benioff.
