Disney to Eliminate Thousands of Jobs
- last year
Disney , to Eliminate , Thousands of Jobs .
Next week, Walt Disney Co.
plans to cut thousands of jobs,
impacting about 15% of its workforce. .
'Bloomberg' reports that sources familiar with
the plan say that the cuts will span Disney's
TV, film, theme park and corporate teams.
'Bloomberg' reports that sources familiar with
the plan say that the cuts will span Disney's
TV, film, theme park and corporate teams.
According to the unnamed sources, affected
employees will be notified as soon as April 24.
'Bloomberg' reports that amid a broader decline
in stocks, shares in Disney were down 0.6%
at $100.35 in pre-market trading on April 18.
In February, the company announced plans to
eliminate 7,000 of its over 220,000 employees.
According to Disney, the cuts are part
of the company's overall strategy to
reduce annual costs by $5.5 billion.
According to Disney, the cuts are part
of the company's overall strategy to
reduce annual costs by $5.5 billion.
In November, former Disney CEO Bob Iger returned to
helm the company after a $1.47 billion quarterly loss
led to the ousting of his successor, Bob Chapek. .
In November, former Disney CEO Bob Iger returned to
helm the company after a $1.47 billion quarterly loss
led to the ousting of his successor, Bob Chapek. .
Part of Disney CEO Bob Iger's return
has included restructuring and restoring
authority to creative executives.
Iger has also elevated key lieutenants, including the
co-chairman of Disney Entertainment, Dana Walden.
Iger has also elevated key lieutenants, including the
co-chairman of Disney Entertainment, Dana Walden.
'Bloomberg' reports that Disney has looked to cut its
commitment to general entertainment while it
focuses on franchises and recognized brands.
'Bloomberg' reports that Disney has looked to cut its
commitment to general entertainment while it
focuses on franchises and recognized brands
Next week, Walt Disney Co.
plans to cut thousands of jobs,
impacting about 15% of its workforce. .
'Bloomberg' reports that sources familiar with
the plan say that the cuts will span Disney's
TV, film, theme park and corporate teams.
'Bloomberg' reports that sources familiar with
the plan say that the cuts will span Disney's
TV, film, theme park and corporate teams.
According to the unnamed sources, affected
employees will be notified as soon as April 24.
'Bloomberg' reports that amid a broader decline
in stocks, shares in Disney were down 0.6%
at $100.35 in pre-market trading on April 18.
In February, the company announced plans to
eliminate 7,000 of its over 220,000 employees.
According to Disney, the cuts are part
of the company's overall strategy to
reduce annual costs by $5.5 billion.
According to Disney, the cuts are part
of the company's overall strategy to
reduce annual costs by $5.5 billion.
In November, former Disney CEO Bob Iger returned to
helm the company after a $1.47 billion quarterly loss
led to the ousting of his successor, Bob Chapek. .
In November, former Disney CEO Bob Iger returned to
helm the company after a $1.47 billion quarterly loss
led to the ousting of his successor, Bob Chapek. .
Part of Disney CEO Bob Iger's return
has included restructuring and restoring
authority to creative executives.
Iger has also elevated key lieutenants, including the
co-chairman of Disney Entertainment, Dana Walden.
Iger has also elevated key lieutenants, including the
co-chairman of Disney Entertainment, Dana Walden.
'Bloomberg' reports that Disney has looked to cut its
commitment to general entertainment while it
focuses on franchises and recognized brands.
'Bloomberg' reports that Disney has looked to cut its
commitment to general entertainment while it
focuses on franchises and recognized brands