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Disney's cuts come on the heels of its acquisition of 538, a data unit known for its polling analysis. Despite once being a resource for substantial insights, the reliability of polling data has waned, often predicting election outcomes inaccurately. This decline in performance has reflected poorly on ABC News, which continues to grapple with dwindling viewership.
A Cross-Industry Phenomenon
Disney isn't alone in facing these employment challenges; numerous media organizations are experiencing similar fate. Companies like CNN, The Washington Post, and even more niche institutions like Cocomelon are undergoing staff reductions as they strive to cut costs, adapt to changing viewer habits, and grapple with declining ad revenues.