Disney had about 220,000 workers as of October 1, of which approximately 166,000 were employed in the US. A cut of 7,000 jobs represents about 3 per cent of its global workforce.
Investing in skill development has become the need of the hour as it can lead to significant structural transformation and economic growth by enhancing employability and labour productivity.
Union Minister Anurag Thakur said that the demographic dividend of India is uniquely poised to usher in an era of rapid social, economic, environmental, and technological innovation and advancement.
The company said its revenue grew 24 per cent to Rs 20,558 million during the quarter and posted adjusted Ebitda margin at 18.5 per cent. The board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be February 3, 2023.