Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs.The media and entertainment giant said it would now be made up of three divisions:Disney Entertainment, which includes most of its streaming and media operationsAn ESPN…

Affirm announced it’s cutting 19% of its workforce Wednesday. The news came as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines.Shares were down more than 17% after hours.In his letter to shareholders Wednesday, Founder and CEO…

Disney said it would cut 7,000 jobs from its global workforce, part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a period of media industry turmoil. Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed…

Shares of Google parent Alphabet were down more than 8 per cent on Wednesday, wiping billions of dollars off its market value, as Wall Street digested the potential damage to its search dominance and profits from a new artificial intelligence battle with Microsoft.The knock to…

Google VP of VR Clay BavorSource: GoogleGoogle veteran Clay Bavor is leaving the company to build a startup focused on artificial intelligence with former Salesforce co-CEO Bret Taylor.“We share an obsession with recent advances in AI, and we’re excited to build a new company to…

A new addition to the menu at Domino’s Pizza’s could translate into big gains for shares of potato producer Lamb Weston , according to Bank of America. One day after Domino’s announced the national roll out out of “Loaded Tots,” Bank of America analyst Peter…