Walt Disney Co. lays off 300 corporate employees as part of ongoing cost-cutting measures.

Walt Disney Co. is laying off about 300 corporate employees across various departments, including legal and finance, as part of ongoing cost-cutting measures aimed at improving profitability. This follows a previous reduction of 8,000 positions and reflects challenges in traditional TV viewing as the industry shifts to streaming. The layoffs, which began recently, may continue in the coming days as the company reviews its cost structure.