Walt Disney Co (DIS.N) on Wednesday announced a sweeping restructuring under recently reinstated boss Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable.
The layoffs represent an estimated 3.6% of Disney’s global workforce.
Shares of Disney rose 8% to $120.77 in after-hours trading.
…
Disney is the latest media company to announce job cuts in response to slowing subscriber growth and increased competition for streaming viewers. Disney earlier reported its first quarterly decrease in subscriptions for its Disney+ streaming media unit which lost more than $1 billion.
Plugin by: PHP Freelancer
Screw Disney!
Child abusers, should be hung from the closest lamp posts.
Shut it down. It is a den of sexual deviants.
I expect they’ll keep the pedos on staff for new content and storyline ideas.
Good. Hope the company collapses
Why morale people still give their money to Disney Inc astounds me. I have friends who will talk negatively about the wokeness of Disney, while also discussing their latest trip to Disney World or Disney cruise.
Sadly, I know folks like that too. The new definition of insanity…financially supporting those who seek your demise.
Wicked Disney keeps pushing a sodomite/transgender smut agenda on the children in the U.S. and they wont stop even after losing billions of dollars last year at their Homo parks. and stupid Christian parents continue to bring their children to smut park to be handled by perverted pedophiles under the costumes, what gives with these ignorant unlearned Christian parents.
Wicked indeed.