Most Viewed Content:

Thunderberry5: The first Qualcomm AI-CPU-equipped development board to rival the Raspberry Pi

A large number of Raspberry Pi development boards have...

How much does ChatGPT cost? $2-12 million per training for large models

ChatGPT took the world by storm, technology giants have...

FiiO FT3 Headphones released: 60mm large size, priced at 1999 CNY

FiiO Metal large dynamic coil high-resolution headphones FT3 released,...

Disney Announces 7,000 Layoffs, About 3% of its Global Workforce

According to foreign media reports, Disney announced that it will lay off 7,000 employees worldwide, accounting for about 3% of its global workforce, the layoffs are part of the company’s $5.5 billion cost-cutting plan announced yesterday.

Disney CEO Bob Iger said in a statement that the company is undergoing a “major transformation” that management believes will improve the profitability of the company’s streaming business.

Disney is just the latest company to start mass layoffs, particularly at tech companies, with Amazon, Twitter, Microsoft, Meta and Google all laying off thousands of workers in recent months.

Disney reported better-than-expected earnings for the first quarter of fiscal 2023 before announcing mass layoffs. For the quarter, the company’s revenue rose 8% from a year earlier to $23.512 billion, slightly above the $23.4 billion estimated by analysts polled by Refinitiv. Among them, the park, experience, and product business revenue was US$8.74 billion, a year-on-year increase of 21%

In the first quarter of fiscal 2023, the company earned $1.28 billion, compared with net income of $1.1 billion in the same period last year; adjusted EPS was $0.99, which was slightly lower than the $1.06 in the same period last year, but much better than the $0.78 USD expectations.

Disney+ had 161.8 million subscribers at the end of the first quarter, down 1% since October 1, 2022. Disney said Disney+ subscribers declined for the first time, but its profitability improved.

Latest

Blackview Tab 16 tablet released: 11-inch 2K screen priced at $399.99

Blackview released the Tab 16 tablet computer for the...

Realme GT Neo 5 SE Scores 1,009,127 Points on AnTuTu

Reports have revealed that the Realme phone with model...

Xiaomi officially announced the Redmi Note 12 Turbo conference, Scheduled for March 28

Xiaomi officially announced today that the Note 12 Turbo...

Hozon’s 3,600 Neta V cars start shipping overseas

According to the official announcement of Hozon Automobile, 3600...
spot_img

Newsletter

Don't miss

Blackview Tab 16 tablet released: 11-inch 2K screen priced at $399.99

Blackview released the Tab 16 tablet computer for the...

Realme GT Neo 5 SE Scores 1,009,127 Points on AnTuTu

Reports have revealed that the Realme phone with model...

Xiaomi officially announced the Redmi Note 12 Turbo conference, Scheduled for March 28

Xiaomi officially announced today that the Note 12 Turbo...

Hozon’s 3,600 Neta V cars start shipping overseas

According to the official announcement of Hozon Automobile, 3600...

NewQ launches 16-in-1 USB-C docking station for 3 4K displays: Priced at $199

NewQ recently launched a 16-in-1 USB-C docking station that...
spot_imgspot_img

Microsoft Edge browser will soon have a built-in crypto wallet

According to a set of screenshots shared by netizen @thebookisclosed, Microsoft plans to embed a crypto wallet feature in the Microsoft Edge browser. According to...

South Korea’s EV exports surpass $2 billion in February, up 83% year-over-year

March 20, according to foreign media reports, in the development of new energy vehicles such as electric cars wave, South Korea's Hyundai Motor Group's...

Resident Evil 4 Remake: best biohazard adventure ever, IGN 10-point evaluation

Resident Evil 4 remake of foreign media scores today has been unblocked, where IGN for this work scored 10 out of 10 evaluation. Short review: Resident...