Disney and Yahoo are also cutting jobs as a cost-saving measure

The tech world is getting hit with a decline in sales and income, and companies left, and right are cutting jobs as a cost-saving measure. Twitter, Facebook’s parent company Meta, Amazon, Google, and Microsoft all announced layoff measures, and now Disney and Yahoo also issued a similar announcement. Disney’s CEO Robert Iger revealed 7,000 people would be cut as part of a “significant transformation”, while Yahoo will cut 20% of its workforce, which is about 1,700 people - of them, 1,000 will part ways as early as next week. Disney employs 220,000 people, 166,000 in the United...