Disney\n \n is planning to freeze hiring and cut some jobs as it strives to move the Disney\n \n + streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday. Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying the company is instituting a targeted hiring freeze and anticipates “some small staff reductions” as it looks to manage costs.
The streaming service is known for original series including the “Star Wars” entries “The Mandalorian,” “Andor” and “Obi-Wan Kenobi,” the Marvel entries “WandaVision,” “Hawkeye” and “She-Hulk: Attorney at Law,” and content hubs for Disney, Pixar, Marvel and “Star Wars” films. Wall Street analysts voiced concern about Disney’s escalating streaming costs.
How about stop making crappy programming?
I thought the economy was 'Strong as Hell!' They don't believe what they've been told?
BuyTheDip
Get woke go broke
Caused by JoeBiden
Twitter Meta Disney CNN All cutting jobs……
Disney has priced out many many American families. It used to be realistic to save up in a family budget for a family vacation. That's just not possible for many now. Disneyland in CA stopped offering family memberships for locals years ago. So sad.
Hey cafreeland weren’t you telling 🇨🇦‘s to drop disney+ channel to cut back for harder times? 😆
As long as the don't raise the price.
Wow. CNN. You could give them a hand with that. You know what it is like to epically fail your streaming service. And even your regular programming!
THAT THING blocks AREAS
I have Disney plus now, although not by choice. Hulu now includes it-no choice (with a price increase of course). Hulu best option for my local stations and sports so I pay for Disney, but have no interest in watching it.
Give me a break on the corporate whining already. They've made record profits because of price gouging!
Stop taking popular franchises and turning them into garbage. I should charge for my advice.
Only thing better than American job loss is when the job remains but goes to China.
GoWokeGoBroke
“BuT iTs tHe HoLiDaYs”
I thought POTUS has a booming and thriving economy?….
Stop making awful shows and they’ll make some money
Their real issue not enough content for adults or even kids
Yikes
Disney went woke and lost hundreds of millions.
LMAO
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: AllSidesNow - 🏆 572. / 51 Read more »