he return of a former CEO. A legal battle with the Florida government. The layoff of thousands of employees.
Less than one year after leaving, Bob Iger made a surprise return to Disney in November, replacing Bob Chapek as CEO. Shortly before Chapek stepped down, he warned employees about coming cost cuts, which Iger has seen through. During Disney’s first-quarter earnings call, Iger announced plans to cut $5.5 billion of annual expenses and 7,000 jobs.
Disney is also fighting competitors Comcast , Netflix , Warner Bros. Discovery , Fox and Paramount for subscribers to its streaming services Disney+, ESPN+ and Hulu.uses data from FactSet research to create its list of the largest public companies based on four data points: assets, market value, sales and profit. Market-value calculations are as of May 5, and include all common shares outstanding.