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Disney plans thousands of layoffs, asks some managers to cut costs by 20%

Disney is planning thousands of job cuts and has asked some managers to target cost savings of 20%. Thomas Buckley first reported the plan for Bloomberg, citing people familiar with the matter. The savings could come from job cuts as well as other expenses.

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General Tech

Not even $200 million could help Elon Musk buy Texas

James Talarico, the Democratic Texas senator-elect, not only managed to flip the state in yesterday’s midterms but prevailed in the most expensive Senate election to date. More than $573 million was spent on advertisements between Talarico, his Republican opponent Ken Paxton, and their aligned PACs.

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