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Disney Continues Cost-Cutting Moves Amid Financial Struggles
Over the past several years, Disney has faced mounting challenges that have led to significant financial losses and organizational upheaval. The entertainment giant has seen its audience shrink and revenues decline, prompting a series of layoffs and restructuring efforts aimed at trimming costs. Despite these measures, the company's latest quarterly report reveals grim financial results, including a staggering $500 million loss, highlighting the depth of its ongoing struggles.