Disney to cut 7,000 jobs in Iger's company 'transformation'

FILE - In this Jan. 9, 2019 photo, guests watch a show near a statue of Walt Disney and Micky Mouse in front of the Cinderella Castle at the Magic Kingdom at Walt Disney World in Lake Buena Vista, Fla. The Walt Disney Company reports their corporate results on Wednesday, Feb. 8, 2023. . –

Iger returned as CEO in November following a challenging two-year tenure by his handpicked successor, Bob Chapek. The company says the job reductions are part of a targeted $5.5 billion cost savings across the company. As of Oct. 1, Disney employed 220,000 people, of which about 166,000 worked in the U.S. and 54,000 internationally.

Disney said Wednesday that it earned $1.28 billion, or 70 cents per share, in the three months through Dec. 31. That compares with net income of $1.1 billion, or 60 cents per share, a year earlier. Revenue grew 8% to $23.51 billion from $21.82 billion a year earlier. Analysts were expecting revenue of $23.44 billion.following a challenging two-year tenure by his handpicked successor, Bob Chapek.

Disney is trying to turn things around but the real question is, is it too late? Woke destroys audiences that want no part in politics,.!

Conservative will blame it on the “woke movement” lol

Go woke and go broke!

If I never go to Disney again, it will be too soon.

Disney use to be great. What happened?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
Source: MarketWatch - 🏆 3. / 97 Read more »

Disney earnings: CEO Bob Iger tackles cuts and the fate of Hulu and ESPNDisney CEO Bob Iger has 'very little room for maneuver' as he tackles layoffs, budget cuts, a company reorg, and questions over the future of Hulu and ESPN Got WOKE? Yep. Or they could stop being so woke and just make cartoons again.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Disney’s Earnings, Reorganization Represent Early Test for CEO Robert IgerRobert Iger is expected to outline his vision for Disney in his first earnings call since returning to the company as CEO Keep pumping out 1619 BS and see how that goes. Would love to see Disney return to what is was, and how Walt envisioned it to be. Leave all the wokeness out.
Source: WSJ - 🏆 98. / 63 Read more »

Disney will report earnings for the first time since Bob Iger's return – what to expectDisney reports fiscal first-quarter earnings after the bell. This is Bob Iger's first earnings release since returning as CEO in November. Expect the unexpected! 🤔
Source: CNBC - 🏆 12. / 72 Read more »