Disney begins laying off 7k employees
Their last few movies have been... well "abysmal" would make some abysses unhappy to be compared to the movie performance.Strange World [0] was a box office bomb - reported box office revenues of $74M on a budget of $135–180M.It's got nothing on Turning Red [1], though.  $20M on a $175M budget.  Whoof.Lightyear [2] only barely made their production costs, $225M on a $200M budget.They've had some mild successes, but their last couple years of performance have been marked by some absolutely horrid bombs.You can blame their "going broke" grade performance on whatever you want, but the reality seems to be that Disney is simply not making movies anyone wants to see.  And if you're an entertainment company, well, that's a problem.[0]: https://en.wikipedia.org/wiki/Strange_World_(film)[1]: https://en.wikipedia.org/wiki/Turning_Red[2]: https://en.wikipedia.org/wiki/Lightyear_(film)