Disney Cut 1,000 Jobs — But Not in Theme Parks

Disney is laying off 1,000 employees across film, streaming, and marketing as it continues to shed costs and reorient itself. This comes against the backdrop of two major digital plays failing: OpenAI killed the Disney/Sora partnership and Epic Games (which Disney invested $1.5B into) laid off 20% of its workforce after a 25% slump in Fortnite players. It's clear where Disney's moat lies, as its experiences posted $10 billion in quarterly revenue and 6% growth. In a parallel story, Meow Wolf is betting that it can extend its IP beyond its physical experiences. Also this week, Disney filed a patent for a weather system that would use biometric data and park sensors to adjust your itinerary in real time. Listen to weekly bonus episodes on our Patreon.