Group 1 - Disney is laying off hundreds of employees across its film, television, and corporate finance departments, affecting global teams including film marketing, TV publicity, and casting and development teams [1] - The company is undergoing a strategic adjustment to ensure efficient operations while continuing to provide top creative and innovative content, as the entertainment industry experiences rapid transformation [2] - This marks Disney's third large-scale layoff in recent times, following a reduction of 7,000 employees earlier in 2023 to save $5.5 billion, and a nearly 6% cut (less than 200 employees) in March at ABC News Group and Disney Entertainment Networks [2] Group 2 - Disney's quarterly revenue for the period ending March 29 was $23.621 billion, a 6.96% increase from $22.083 billion in the previous year, while pre-tax income surged over 369% from $655 million to $3.087 billion [2] - CEO Bob Iger expressed optimism about the second half of the fiscal year, highlighting upcoming theatrical releases, the launch of ESPN's new streaming service, and unprecedented expansion projects in the experiences division [3] - Disney announced plans to build its seventh global theme park in Abu Dhabi, UAE, aimed at serving the Middle East, Africa, India, and Eurasia [3]