Walt Disney lays off more employees

Entertainment giant Walt Disney Co. is planning a reduction in its consumer products and interactive media unit. Low financial indexes and following changes to the company’s gaming strategy reflected this decision. The company is going to lay off about 250 people. The cuts represent a roughly 5% reduction in the workforce.

In May, the company discontinued an internal developed series of video games, which led to layoffs of roughly 300 people. Theme parks and resorts were the subject of a very careful analysis and attention of the management as well.

Disney’s shares stay on the negative level with the price of 92.26 USD per share, which shows – 0.47% decrease from the previous day. The price is expected to fall further, which can result in a profitable trading. Trading on this stock will be available at 16:40 right until 23:00 GMT during American session.

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