There has been a lot going on for Disney in the past week.
On November 20th, Disney announced that Bob Iger was returning as CEO and Bob Chapek was stepping down from the role. Since then, we’ve looked at why this switch in CEOs was made, what changes that could come from Iger returning, and what Iger’s first steps should be. Now, Iger is holding a Town Hall meeting for Cast Members and we just got an update on the hiring freeze initially introduced by Bob Chapek.
Earlier in November, Bob Chapek released details about a hiring freeze. In a memo sent out to division leaders, Chapek announced that Disney would “institute a targeted hiring freeze.” This came after disappointing results in the Q4 earnings call.
“We are limiting headcount additions through a targeted hiring freeze. Hiring for the small subset of the most critical, business-driving positions will continue, but all other roles are on hold,” Chapek said. Job cuts are also part of the change — Chapek said, “We do anticipate some staff reductions as part of this review.”
Now, according to CNBC, there is no plan to stop the previously announced hiring freeze. This comment came after Iger jumped into taking questions, including from the in-person audience and any submitted before the meeting.
If you want to read more about the recent changes in the company, check out our posts below:
- Bob Iger Is Back at Disney. Here’s What Can Change (and What Won’t).
- Why Disney Replaced Bob Chapek With Bob Iger
- Celebrities React to Disney’s Decision To Bring Bob Iger Back as CEO
- Bob Iger Announces Kareem Daniel, a Lieutenant of Bob Chapek, Is Leaving Disney
- Disney CEO Bob Iger Salary REVEALED
- Bob Chapek Did “Irreparable Damage to His Ability to Lead,” Disney Board of Directors Reportedly Determined
Stay tuned to DFB for more Disney news.
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What changes do you want to see now that Bob Iger has returned as Disney CEO? Let us know in the comments.