Facing declining TV ratings and revenue, Disney has notified hundreds of employees in its television, film, and corporate finance divisions of impending job cuts. The layoffs reflect broader financial challenges within the company’s core entertainment sectors.

Luxury fashion house Burberry has announced plans to cut 1,700 jobs worldwide, nearly 20% of its global workforce, in a bold turnaround effort amid declining sales and profits. The embattled company is taking significant steps to address a tough year marked by declining performance.