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Tag: restructuring of the business organization

Disney lays off more than 300 streaming-focused employees in China

Walter Disney Co. DIS 2.16% has laid off more than 300 Beijing employees working on its streaming services, according to people familiar with the situation, as part of a cost-cutting and restructuring effort at the entertainment company. The layoffs in China come after Disney this week began implementing the first wave of cuts in a […]

March 30, 2023
Disney is eliminating its Metaverse division as part of the company’s layoff plan

Mickey Mouse has left the metaverse. Walter Disney Co. DIS 1.64% has eliminated its next-generation storytelling and consumer experience division, the small division that people familiar with the situation said was working on metaverse strategies, as part of a broader restructuring that is expected to reduce company-wide workforce by approximately 7,000 over the next two […]

March 28, 2023
Rivian is bringing more engineers to the Illinois EV plant to speed up production

Electric vehicle manufacturer Rivian Automotive Inc. RIVN -0.66% is moving parts of its production engineering team to its Illinois plant as part of a reorganization aimed at speeding up production, according to a person familiar with the plan. The reorganization is expected to be announced shortly and will result in a significant portion of the […]

March 25, 2023
DocuSign shares fall as investors see near-term ‘turbulence’ of reorganization

Published: March 10, 2023 at 1:55 PM ET Shares of DocuSign fell Friday after Wall Street said an ongoing reorganization of the electronic signature company is likely to create turbulence in the near term, even if it beat expectations for the quarter. DocuSign DOCU shares fell as much as 20% to an intraday low of […]

March 10, 2023