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Disney's Significant Layoffs Amidst a Changing Industry Landscape

In a notable development, the Walt Disney Company is gearing up to lay off hundreds of employees across various sectors, with the layoffs commencing on Monday. Several hundred employees are expected to be affected, primarily from Disney Entertainment and the corporate finance divisions. Critical areas including marketing, filming, casting, and development will see notable staffing changes. Most of the laid-off employees work in Los Angeles, but it is important to highlight that no teams are being completely dissolved.