Disney said it planned to cut $2.5 billion in sales and general administrative expenses and other operating costs, an effort that is already under way. Another $3 billion in savings would come from reductions in non-sports content, including the layoffs.Article content
Net income came in at $1.279 billion, below analyst estimates. Revenue hit $23.512 billion, ahead of Wall Street estimates of $23.4 billion.
They should cut their 'woke' agenda instead....
FOAFO.
Ha!
Good cleaning up the Entertainment Industry.
good. get rid of the woke staff.
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