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Disney's TV Unit To Cut 400 Jobs


Disney's TV Unit To Cut 400 Jobs


The job reductions, to be implemented in the coming months, were the latest announced at the family entertainment company, which is grappling with weak consumer sentiment and a declining advertising market.

Last week, Disney's parks division also offered voluntary buyout packages to about 600 executives and gave them until Feb. 6 to opt in.

Disney Chief Executive Robert Iger said in November the company was seeking to pare costs across the company to keep pace with worsening economic conditions.

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