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09.04.26 - 21:57
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No Storybook Ending: Disney Plans Another Round Of Layoffs (ZeroHedge)
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No Storybook Ending: Disney Plans Another Round Of Layoffs
Disney turned a new chapter earlier this year when Josh D'Amaro took over the century-old entertainment giant from Bob Iger as chief executive. But the closely watched succession has occurred against the troubling backdrop of recent reorganization and a questionable turnaround effort, leaving Wall Street analysts with mixed feelings.
The Wall Street Journal reports that D'Amaro is set to continue the layoffs that started under Iger's watch, with a new round of approximately 1,000 workers that could be announced in the near term.
For those employees, there is no happy storybook ending to Disney's next round of layoffs, which will impact the recently consolidated marketing department.
Iger, who returned to save the sinking Disney ship in 2022, launched major restructuring efforts that included the elimination of more than 8,000 jobs. Most of the cuts centered on entertainment, ESPN, and corporate units, while parks and cruise operati...
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09.04.26 - 08:42
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WSJ: Walt Disney To Cut Jobs (AFX)
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BURBANK (dpa-AFX) - Walt Disney Company (DIS) is planning to reduce 1,000 jobs, the Wall Street Journal reported on Wednesday. The lay-off will largely affect roles in the marketing department. Th......
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