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5 mins read

Disney is suing Gov. Ron DeSantis and accusing him of trying to 'weaponize government power' over the company

The lawsuit alleges DeSantis orchestrated a "targeted campaign of government retaliation" that thre…

Kimberly Leonard,Chris Panell…   


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5 mins read

Compass is reeling from a horrible year, from financial losses to tech troubles to mass layoffs

With home sales dipping amid rising interest rates, Compass has cut workers and bled cash. CEO Robe…

Matt Turner,Daniel Geiger,Jor…   


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4 mins read

The DeSantis-appointed board overseeing Disney World just filed a counter-lawsuit against the theme park

Martin Garcia, who chairs the five-member board overseeing Disney's special tax district, said it h…

Kimberly Leonard   


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2 mins read

Netflix confirms another round of layoffs as it continues to grapple with slowing growth, cutting around 300 roles

A Netflix spokesperson said the company cut around 300 jobs on Thursday, the latest round in job cu…

Travis Clark   


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3 mins read

Inside Amazon's Alexa unit, once considered to key to the company's future but now facing heavy layoffs

Amazon's voice-assistant Alexa was hailed as the "computer of the future" — but nearly 10 years lat…

Matt Turner,Lisa Ryan,Hallam …   


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2 mins read

IBM and Microsoft are laying off hundreds of employees in Russia as companies continue to exit and scale down businesses in the country

IBM announced an "orderly wind-down" of its Russian operations. Microsoft is significantly scaling …

Huileng Tan   


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3 mins read

Facebook’s parent company Meta is doing layoffs again. But there’s one ‘safe’ team that could actually benefit from the job cuts.

In today's edition: Google is looking less perky, how to watch the Lyrid meteor shower, and more he…

Diamond Naga Siu   


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1 min read

Newly returned Disney CEO Bob Iger is cutting 7,000 jobs and reorganizing the company

Bob Iger, who returned as Disney CEO in November, announced sweeping layoffs and a reorg during the…

Travis Clark   


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2 mins read

Disney begins the second round of 7,000 planned job cuts targeting ESPN, theme parks, entertainment, and more

Disney CEO Bob Iger is reorganizing the company, seeking to bring streaming to profitability, and u…

Nathan McAlone   


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2 mins read

Netflix lays off 'around 150 employees' across divisions amid slowing growth and subscriber losses

In April, Netflix revealed that it had lost subscribers for the first time in over a decade. Now, t…

Ben Gilbert   


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2 mins read

Disney is ditching its metaverse plans after laying off an entire team focused on interactive storytelling, report says

Disney's metaverse unit, which explored new ways of interactive storytelling, included a roughly 50…

Sawdah Bhaimiya   


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4 mins read

Disney's revenue is on the rise, but streaming subscriber losses mar CEO Bob Iger's boost as he takes another jab at Florida's Ron DeSantis

Walt Disney Co. reported $21.79 billion in revenue for its fiscal second quarter, topping Wall Stre…

Claire Atkinson   


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2 mins read

Disney scraps $1 billion campus in Florida and more than 2,000 jobs that were set to move. It's escalating the fight with Ron DeSantis.

The decision to scrap the campus outside Orlando appears to be another development in Disney's batt…

Grace Kay   


Geoff Weiss   


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7 mins read

How Netflix, Hollywood's most innovative disruptor, is facing disruption with layoffs, streaming competition, and subscriber loss

Since Netflix began making original shows in 2013, the streaming giant has upended show business wi…

Natalie Jarvey   


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1 min read

These 4 streaming services are likely to survive, says former Disney CEO: 'There will be haves and have nots'

Bob Iger thinks that Netflix, Disney+, and more have an advantage in the streaming race, but not al…

Travis Clark   


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8 mins read

Ex-Disney World employees mourn the careers of their dreams at 'the most magical place on Earth'

Many Disney employees' careers were their lives. Getting laid off was a shock to the system, and ma…

Amanda Krause,Shoshy Ciment   


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7 mins read

How much media and tech giants from Disney to TikTok pay employees in the US

More than a year's worth of salary data shows what media companies including Spotify, Snap, TikTok,…

Ashley Rodriguez   


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3 mins read

Air India regional office forms panel to identify employees who would go on leave without pay for upto five years

New Delhi, Jul 26 () Air India's northern regional office has formed a committee to identify the "r…

PTI   


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5 mins read

Don't waste your money on a Disney World vacation this year, especially if you've never been before

Disney World is currently best suited for locals, annual passholders, and frequent visitors who hav…

Amanda Krause