The magical world of Disney is going through a time of many changes. Because of this, he plans to take the fairy tale away from many of his employees, announcing a wave of layoffs as a financial strategy.
According to the loss report during the third quarter of this year, Disney is forced to implement a new measure that may affect many locations of the iconic entertainment house, since one of them will not only be the dismissal of personnel, but also that there will be salary cuts and there will be no hiring.
Bob Chapek, the current CEO of Disney, made this announcement and assured that the castle of dreams is in a complicated process, so it is necessary to make “uncomfortable and difficult” decisions that represent great challenges.
According to Bob, the company has recorded losses of close to 1.47 billion dollars despite the successes that they added that quarter with Disney+ subscriptions. In addition, the CEO mentioned that they expect that next year, the company will be more efficient and agile in general.
It could be said that since 2020, Disney has gone through strong crises and it is not for less, since the covid-19 pandemic left its theme parks in Florida and California severely affected. Since then, approximately 28,000 employees had to be laid off.
Now the crisis continues despite having managed to position itself as a platform for streaming and seek to scale before consumers accustomed to Netflix. Given these losses, not only have these measures been imposed, but they have visualized the option of new subscription models, trying to launch an option for users with advertising or testing a content model of streaming live.
It is worth mentioning that the executives have also had to adjust so that the company is not more affected, since saving measures were established, limiting costs in business trips that, by the way, will only be done if they are strictly essential.
Of course, the world of Mickey Mouse is not the only one that has made changes within its logistics, as other companies such as Warner Bros., Discovery and Netflix also launched plans to cut costs and, in many cases, with layoffs. included.
Source: Okchicas
I’m Ava Paul, an experienced news website author with a special focus on the entertainment section. Over the past five years, I have worked in various positions of media and communication at World Stock Market. My experience has given me extensive knowledge in writing, editing, researching and reporting on stories related to the entertainment industry.
