https://www.disneytouristblog.com/bob-iger-alarmed-by-disney-world-price-increases-disliked-layoff-plans/
2 replies (most recent on top)
At least strange world is doing well
"Prior to leaving, Chapek sent a memo to executives that “tough and uncomfortable” cost-cutting decisions would be made, including a hiring freeze, layoffs, and other austerity measures. This mandate reportedly blindsided multiple high-level leaders and alienated them even further from Chapek. (However, it is what many unprofitable tech ventures are doing right now, which is how you’d categorize the Disney Media and Entertainment Distribution that currently controls Disney+ and other streaming services.)
Iger now has the chance to undo this yet-unmade decision. He has indicated that correcting the company’s finances is a top priority, and it’s widely expected that Iger’s early emphasis will be to stem the bleeding and ensure that Disney’s streaming businesses are actually on a path to profitability. That might mean more layoffs are in store for DMED, as well as more scrutiny over spending, production, and distribution plans for media."