Disney CEO Bob Chapek has warned staff members in an internal memo that they should expect to see the company take cost-saving measures, including layoffs and a hiring freeze.
and cut some jobs ahead of the winter holidays following a disappointing quarter, according to a report. said the company would be moving forward with prioritizing cost-saving measures including "some staff reductions."
The chief executive also said the company would limit how many additional staff it hired and that it was focused on only acquiring new staff in the "most critical, business-driving positions."Hiring for the small subset of the most critical, business-driving positions will continue, but all other roles are on hold. Your segment leaders and HR teams have more specific details on how this will apply to your teams.
The memo comes just days after McCarthy first announced Disney’s intention to make both short-term and long-term changes to save money.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer rips Disney CEO Bob Chapek, says he ‘absolutely’ must be firedCNBC’s Jim Cramer called Bob Chapek’s characterization of Disney’s dismal earnings “delusional” and called for the CEO to be “fired.”
Read more »
Disney Plans Targeted Hiring Freeze and Job Cuts, According to a Memo From CEO Bob ChapekThe moves come after Disney reported disappointing quarterly results. Shares of the company fell sharply Wednesday, hitting a new 52-week low, before rebounding later in the week.
Read more »
Disney's Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitableBob Chapek wants Disney+ to be profitable by fiscal 2024, but meeting that goal is going to cause some pain at the Walt Disney Co. Cost cuts are coming to the Mouse House.
Read more »
Disney CEO Chapek Warns of Impending Cuts in Spending, Costs, StaffingICYMI: In a memo to staff, TheWaltDisneyCompany CEO BobChapek reportedly announced that cuts in spending, costs & staffing were on the way. / TWDC Disney DisneyPlus Hulu ESPN Disneyland DisneyWorld MarvelStudios Lucasfilm
Read more »
Disney Plans Layoffs, “Rigorous Review” Of Spending & Hiring Freeze; “Tough & Uncomfortable Decisions” Coming, CEO Bob Chapek Tells StaffReeling from a roller coaster stock market and earnings misses, the Walt Disney Company is about to start cutting spending, costs, and staff, CEO Bob Chapek said today. “I am fully aware this…
Read more »
Zootopia+ Stars Bonnie Hunt and Don Lake Speak Out on Their Return (Exclusive)For the new Zootopia+ series on...well, Disney+, Walt Disney Animation Studios found a way to [...]
Read more »