Disney, one of the biggest names in entertainment, is making tough decisions as it plans to cut 6% of its workforce. This means thousands of employees from ABC News Group and Disney Entertainment Networks will lose their jobs.

The company is taking this step to reduce costs and improve efficiency as it faces financial challenges in the ever-changing media industry.

The layoffs are part of Disney's strategy to focus on streaming services and digital platforms, which are becoming more popular than traditional TV networks.

With competition from platforms like Netflix and Amazon Prime, Disney wants to make sure it stays ahead in the entertainment game.

The company has already been making major changes, including cost-cutting measures and restructuring to focus on its most profitable areas.

Disney CEO Bob Iger has been leading these efforts to reshape the company. He believes that by reducing expenses and focusing on high-growth areas, Disney can stay strong in the long run. Unfortunately, this also means that many hardworking employees will have to find new jobs.

The layoffs will affect different departments, including news, TV production, and entertainment networks.

This move reflects a bigger trend in the entertainment industry, where companies are cutting jobs to stay profitable in a competitive market. While Disney fans continue to enjoy their favorite movies and shows, behind the scenes, the company is working hard to stay relevant and financially stable.

The coming months will show how these changes impact Disney's future and whether it can continue to be a leader in global entertainment.