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Disney Faces Massive Layoffs and Market Decline Amid Strategic Failures
The past year has been tumultuous for Disney, marked by significant box office disappointments, streaming losses, and increasing market share for competitors like Universal. The company’s stock has plummeted as both consumers and investors express dissatisfaction with Disney’s current trajectory. In response to mounting financial struggles, Disney has embarked on a large-scale downsizing effort, slashing thousands of jobs across the organization.