-- Walt Disney (DIS) will eliminate around 1,000 positions as part of the company's efforts to streamline operations, Reuters reports Tuesday, citing a person with knowledge of the matter.
The downsizing will impact marketing as well as the company's studio and television units alongside certain corporate functions, the person told Reuters.
Walt Disney began alerting employees this week, according to Reuters.
Walt Disney did not immediately respond to a request for comment from.
(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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