The Walt Disney Company
Disney alleges DeSantis engaged in "a targeted campaign of government retaliation" that threatens the company's business and violates its rights.
“While this is necessary to address the challenges we’re facing today, I do not make this decision lightly,” CEO Bob Iger said.
The company, which has long been influential in Florida legislation, continues to face criticism for its response to the state's "Don't Say Gay" bill.
The layoffs will be in the first half of 2021, the company said in a filing with the Securities and Exchange Commission.
WHAT'S HAPPENING
The characters from the controversial 1946 film will be replaced with those from the 2009 movie "The Princess And The Frog."
"I am now a Disney Stockholder thanks to you," the 6-year-old wrote in an Instagram note to the entertainment legend.
The suit claims that cinematographer Greg St. Johns harassed, discriminated against and retaliated against crew members on the show for 14 years.
Disney is adapting the animated classic as a live-action film, with a little help from Marvel filmmakers Joe and Anthony Russo.
Disney's Bob Chapek sees other reasons the stock is down.
Abigail Disney says it's time to let the younger generation take over.