News Snapshot:
Disney laid off hundreds of employees in its Beijing office ahead of a meeting with a US congressman who chairs a committee focused on US competition with China and data privacy, according to a report. The Wall Street Journal reported Friday that the Mouse House canned more than 300 people in late March, days before CEO Bob Iger was scheduled to meet with Rep. Mike Gallagher (R-Wis.), who has been a tenacious critic of data security and China’s ability to access American consumer data. The group of employees had access to some US customer data, according to people familiar with...
