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?

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