U.S. Disney laying off hundreds of employees worldwide


By Xia Lin

NEW YORK, June 3 (Xinhua) -- The Walt Disney Co., a U.S. mass media and entertainment conglomerate, is laying off several hundred employees worldwide as it looks to trim some costs and adapt to evolving industry conditions.

The exact number of jobs being cut is unknown, but layoffs will occur across several divisions, including television and film marketing, TV publicity, casting and development, and corporate financial operations. No entire teams will be eliminated, The Associated Press quoted official source as confirming on Tuesday.

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