11:47 AM EDT, 09/26/2024 (MT Newswires) -- Walt Disney ( DIS ) is laying off some US corporate employees as part of efforts to trim costs, according to media reports Thursday.

The latest round of Disney ( DIS ) layoffs affected about 300 people and a company spokesperson confirmed the job cuts, the website Deadline reported.

Disney ( DIS ) issued a statement saying the company continues to "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 ( DIS )," the reports said.

"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," the statement further said, according to the reports.

The company did not immediately respond to MT Newswires' request for comment.

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