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3 insights to kick-start your day, featuring Disney’s continuing layoff saga
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Synopsis
In Primeshots today: Disney begins third round of layoffs; Delhivery reacts to media reports; and Google-backed AI startup’s fundraise.
More layoffs at Disney This just in. Disney begins a third round of layoffs; likely to sack 2,500 employees. Hidden in plain sight. Disney has been in a cost-cutting mode of late globally and in India. Recently, its streaming service Disney+ lost four million subscribers for Q2 ending April 2023. The majority was from Disney+ Hotstar in India, following the loss of sports and non-sports content — IPL and HBO Max. In the past two quarters,
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