Entertainment company Disney is currently preparing for massive layoffs after it experienced over $1.4 billion in streaming losses and a stock drop of roughly 39% in 2022.
According to a report by Tyler Durden, Disney has implemented a hiring freeze, has placed limits on employee travel, and it’s evaluating workers’ efficiency all in efforts to carry out cuts that are designed to make Disney “more nimble.”
In a a leaked memo to Disney’s senior staff, CEO Bob Chapek said the following:
“As we work through this evaluation process, we will look at every avenue of operations and labor to find savings, and we do anticipate some staff reductions as part of this review.
