Walt Disney Co. is laying off workers at the corporate level as part of a continuing effort to improve the profitability of the business.“As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently,

Walt Disney Co. has initiated a fresh round of layoffs, with corporate employees emerging as the latest victims of the Burbank media and entertainment giant's ongoing $7.5-billion cost-cutting operation.

Disney has axed about 300 employees across various corporate departments, as the Mouse House continues to look at “ongoing” ways to trim costs. "We continually evaluate ways to invest in our businesses and more effectively manage our resources and costs to fuel the state-of-the-art creativity and innovation that consumers value and expect from Disney,