Disney Believes Layoffs Have Ended after 8,000 Lost Jobs
During The Walt Disney Company’s latest earnings call, CEO Bob Iger spoke about the unfortunate events of 2023.
Earlier this year, Iger prevented activist investor Nelson Peltz from bullying his way onto Disney’s Board of Directors.
To appease Peltz and other Wall Street investors, Iger agreed to expand layoffs that former CEO Bob Chapek had previously announced.
Well, Disney just provided the final numbers, and they’re pretty brutal.
According to Iger, Disney has ” eliminated over 8,000 roles.” Yes, roles = jobs. He’s saying they fired 8,000 people to appease a billionaire. Ain’t Wall Street grand?
You’re probably wondering whether Disney has completed its 2023 layoffs or is considering more.
Iger states that ” while we are not currently planning to make further large-scale reductions to our workforce, we are taking significant concrete steps to continue addressing the cost basis of the overall company.”
While that’s not technically a no but more of a “probably not,” it’s mostly a non-issue anyway.
Disney happily reported that it has saved an unexpected $7.5 billion, which is a remarkable feat for any corporation.
So, the worst is probably over when it comes to Disney layoffs. Let us never speak of it again.
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