Disney Lays Off More Than 300 Streaming-Focused Employees in China

Walt Disney Co. has laid off more than 300 employees in Beijing who worked on its streaming services, according to people familiar with the situation, part of a cost-cutting and restructuring effort at the entertainment company. The layoffs in China come as Disney this week started carrying out the first wave of cuts in a previously announced plan to slash 7,000 jobs. Disney said in a statement that the move in China “is part of the company’s cost-cutting effort and global reorganization.”

tips

layoff：解雇

slash：大幅度削减