updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131A source confirmed that the latest development would impact employees within major divisions of Walt Disney.
Like many other companies reducing headcounts, mass media company The Walt Disney Company (NYSE: DIS) has started dismissing employees. This follows CEO Bob Iger’s announcement in February to lay off 7,000 workers as the company restructures. Walt Disney is working on managing expenses and creating a more “streamlined” business by reducing employees. Notably, Iger has been making significant organizational changes since he took over from Bob Chapek in November 2022.
The CEO informed workers of the first of three layoff rounds in a memo, noting that the impacted people would be notified. Walt Disney spread the firing into three rounds as victims of the first round of employee reduction were contacted by the company’s leaders. After the first round of dismissal of their employees, Walt Disney plans additional job cuts in April. The April round will be larger, and more staff will have to leave the mass media company. Finally, the third round will commence before the beginning of the summer to make up a total of 7,000 job cuts.
The layoff did not come as a shock as Iger had prepared employees for a coming job cut. The chief executive mentioned the firing while the company reported its first subscriber loss during its Q1 2023. During the quarter, the number of Disney+ global subscribers dropped by 2.4 million from 164.2 million to $161.8 million. The loss came after Disney increased the subscription price for its Disney+ ad-free plan to $11 per month. As a matter of fact, analysts expected more profound losses of about 3 million subscribers following the price change.
Noting that the target is $5.5 billion in cost savings, Iger referred to his last month’s notification:
“As I shared with you in February, we have made the difficult decision to reduce our overall workforce by approximately 7,000 jobs as part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective, coordinated and streamlined approach to our business.”
A source confirmed that the latest development would impact employees within major divisions of Walt Disney. The source noted that the divisions that may be largely affected are Disney Parks, Disney Entertainment, corporates, and Experiences and Products. While ESPN survived the first round of layoff, the sports media conglomerate is expected to be touched in consecutive rounds. Another source mentioned television production and acquisition departments as the first areas targeted for the layoff.
Following news of dismissing employees, Walt Disney stock trades at $95.2 in after-hours. The company’ shares closed up 1.64%, gaining 1.49% in the last five days. It also has a 10.06% increase to its name since the year started and another 8.56% in the last three months.
Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience.
Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.
According to Santiment data, Cardano ranks as the foremost blockchain in terms of development activity in the last 30 days. Cardano outperforms projects such as Polkadot, Kusama, Decentraland, Cosmos and Ethereum.
Cardano is recording enormous development to round off the year as various teams consolidate their efforts in preparation for 2023.
Blockchain development activity is one way to measure growth & potential.
The top 6 ecosystems with the most activity over the past 30 days:
1.$ADA @Cardano
2.$DOT @Polkadot
3.$KSM @kusamanetwork
4.$ATOM @cosmos
5.$MANA @decentraland
6.$ETH @ethereum pic.twitter.com/5Jhxk6o7bb— Passive Income Princess
(@BrianneFrey) December 26, 2022
The recent weekly report shared by Cardano builder IOG enumerates the work undertaken by various teams. The Plutus team is reportedly working on increasing script capacity, while the Mithril team just completed the implementation of a stable version of its release process.
The first phase of Obsidian Systems’ Hydra for Payments project is concluding, as the teams reviewed and submitted several issues found.
In October, Cardano builder IOG announced its collaboration with Obsidian Systems to drive the development of use cases based on the Hydra Head protocol, such as the Hydra for Payments initiative.
Hydra’s payment tooling will gradually roll out in Q4 of 2022. Hydra will also receive new features and enhancements, as well as their eager use in Hydra for Payments.
Final updates are also being made to Cardano-Rosetta to prepare it for the next major release. The ledger team has been working with the Plutus team on building a user-friendly Cardano-ledger-API package. Work is ongoing on the Lace desktop development, as the Lace wallet is now available for public testing in the pre-production testnet environment.
The Adrestia team kept working on getting the Cardano-js-SDK production ready. According to the report, Cardano-js-SDK is now in beta mode. Also, 1,151 projects are in various stages of development on the blockchain.
In a new Twitter Space, Cardano founder Charles Hoskinson explains the possible use cases that NFTs could serve as the sector evolves.
Per OpenCNFT data, the number of NFT trades increased by nearly 39% in the last 24 hours, and the number of trades increased by 10.47% as well.
The holders of Dogecoin have been warned that there is no customer support for the largest meme coin
The official Twitter account of the Dogecoin cryptocurrency has posted a warning about a new scam that is making the rounds on the social media platform.
Scammers pretend to be a tech support service for those who are having “difficulties, complaints or issues” with the meme coin.
After contacting the sham account, users are tricked into setting up a fraudulent wallet that asks them to enter their seed phrase in order to solve their tech problems.
The official Dogecoin account has stressed that users should never share their seed phrases or account information, which remains the cardinal rule of crypto.
Notably, the sham account in question was created all the way back in 2012 (before Dogecoin was even launched).
After the meme coin experienced a massive surge in popularity in 2021, its holders, who are mostly inexperienced speculators, became an easy target for scammers.
There’s been a slew of Dogecoin knock-offs that ended up being worthless scams.
As reported by U.Today, cryptocurrency sleuth Elliptic recently revealed that there had been a sharp increase in Dogecoin transactions linked to illegal activities on the dark web.
In June, Dogecoin co-founder Jackson Palmer went as far as saying that cryptocurrencies are the facilitator of fraud. However, he doesn’t think that the meme coin itself is a scam despite being highly critical of those who have attempted to speculate on its price swings.
A Dogecoin buyer recently filed a class-action lawsuit against Tesla CEO Elon Musk that accuses him of promoting the token.