Disney cancels Halloween event amid layoff rumours and executive exits

Disney cancels its annual Halloween celebration, prompting speculation of additional job cuts after previous reductions totalling over 8,300 positions. The company also saw chief content officer Bela Bajaria leave on 16 Oct and head of film Dan Lin dismissed on 20 Nov. Netflix recently laid off about 1,000 workers, roughly 6% of its staff. Paramount and Warner Bros. Discovery have agreed to merge under the Skydance name in a transaction valued at nearly $100 billion.