Walt Disney (DIS) is laying off "a few hundred" workers within the company's human resources and information technology departments across corporate and within different divisions, Variety reported, citing a source familiar with the cuts.

Disney didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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