food IS a theme park
It’s no secret that The Walt Disney Company is going through a time of great change. A new CEO is now in charge, and cost-cutting measures have already started to make their way throughout the company.
Walt Disney Company Headquarters in Burbank
One of the biggest cost-cutting measures a company can employ are layoffs, and according to Bloomberg, thousands of layoffs could be coming to the company soon.
Every quarter, Disney shares its financial details with the world, detailing how much revenue the parks take in, streaming data, and how much money the company has taken in overall for that quarter.
©Pixar
In 2023, The Walt Disney Company completed a series of company-wide layoffs, and it seems there could be more job cuts in the future.
It’s been a little over six months since Bob Iger returned as the Walt Disney Company’s CEO, but in that short amount of time, the company has gone through a LOT of changes.
©Disney
Not only has Iger overseen a series of “organizational and operations changes,” but there have also been some serious budget cuts made to the tune of $5.5 billion. A portion of those budget cuts included laying off 7,000 employees, and the company has now met that goal.
Thousands of job cuts have already affected Disney employees recently, and thousands more will be happening this week.
©Disney | Walt Disney Company Headquarters
CEO Bob Iger announced in February that The Walt Disney Company was implementing a plan to cut $5.5 billion in annual costs, and part of that plan involved about 7,000 job cuts across the company. The first wave of layoffs and job cuts happened in March, and the next wave (and the biggest one) is happening this week (the week of April 24th). Now, we have more details about those cuts.
In an effort to cut back on spending, Disney CEO Bob Iger announced 7,000 job cuts across the company. Now an executive let go during the first wave of these cuts says he did not agree with Disney’s stance on the Florida Parental Rights in Education Act.
©Disney | Walt Disney Company Headquarters
We reported recently that Marvel Entertainment Chairman Isaac “Ike” Perlmutter was laid off in a round of job cuts. But now, Perlmutter has spoken with The Wall Street Journal, sharing his thoughts on everything that happened.
Earlier this year, CEO Bob Iger announced 7,000 job cuts would be coming to Disney as part of the company’s goal to reduce spending by $5.5 billion.
Cinderella Castle
An initial wave of layoffs were announced this week, including Mark Levenstein, SVP Production for Hulu; Elizabeth Newman, VP of Development at 20th Television; and Jayne Bieber, SVP Production Management & Operations for Freeform. And now, a longtime Disney publicist and spokesperson has shared that he is among them.
Another Disney executive is GONE.
©Disney | Walt Disney Company Headquarters
Earlier this year, Disney CEO Bob Iger announced that there would be 7,000 job cuts from Disney, and since that time we’ve seen some executives step down while others have been laid off. Now, we’ve got an update on one controversial executive within Disney who will be leaving.
The Walt Disney Company is going through some major job cuts right now, which were announced by CEO Bob Iger earlier this year during an earnings call.
©Disney
Iger recently sent a memo to Disney employees announcing that the first of those job cuts would begin this week. We’ve already seen job cuts eliminate an entire division of the company, and the proposed Amazon Prime-type membership program has been scrapped as well. Now, several people in executive positions are leaving Disney as the job cuts continue. [Read more…]
We’ve seen The Walt Disney Company go through the wringer lately.
©Disney | Walt Disney Company Headquarters
After Bob Iger returned as CEO, more executive shakeups followed, and we learned that Disney would be making $5.5 billion in spending cuts — including reducing its workforce by 7,000 jobs. And now, with a Thanos-like snap of the fingers, an entire department and program have been eliminated.
Back in February of 2023, current Disney CEO Bob Iger announced that there would be 7,000 job cuts at Disney.
©Disney
We’ve since gotten some updates about what Disney Cast Members may (or may not) be impacted by these job cuts, and in early March we shared that some of these layoffs and job cuts could begin next month. Now we’ve got a huge update on what’s happening at Disney.
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