Disney plans to cut another $2 billion in costs—and more content is on the chopping block

Financial results for the entertainment giant have been a mixed bag, even after it laid off thousands of workers this year.

The Walt Disney Company reported its fourth-quarter earnings after the bell yesterday. The results were a mixed bag, with some parts of Disney’s business, such as Disney Plus, doing better than expected, while other areas, such as ad revenue, did worse. But one of the main takeaways investors seem to have viewed positively was that Disney announced it will cut another $2 billion in costs.

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