Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the United States. A cut of 7,000 jobs represents about 3% of its global workforce.

But Disney, so far at least, apparently does not count as a discretionary expense. The company, reporting results for its winter quarter on Wednesday, said operating profit at its domestic theme ...

Pam Danziger reports on retail, focused on the luxury consumer market. The Walt Disney Company is backing away from DEI initiatives to refocus on its core entertainment business mission ...