Jessica Reif Ehrlich, an analyst at Bank of America who closely follows Disney, told ABC News before the earnings call that she expected Iger to address layoffs.
But the company's streaming service, Disney+, lost subscribers for the first time since its launch in 2019. The service dropped 2.4 million subscribers, more than analysts expected. The company also faces a high-profile proxy fight from Nelson Peltz, CEO and founder of activist investment firm Trian Management LP, which has purchased nearly $1 billion worth of Disney stock.
RobertIger Walt Disney would be ashamed of you and all the others who continue to be corporate greedy! Overpriced & overpacked. Can't even enjoy going to Disneyland or Disney World when having to wait in line for over an hour. Laying off people who depend on working 4 a living.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
Source: MarketWatch - 🏆 3. / 97 Read more »
Disney earnings: CEO Bob Iger tackles cuts and the fate of Hulu and ESPNDisney CEO Bob Iger has 'very little room for maneuver' as he tackles layoffs, budget cuts, a company reorg, and questions over the future of Hulu and ESPN Got WOKE? Yep. Or they could stop being so woke and just make cartoons again.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Disney to lay off 7,000 workers, CEO Bob Iger saysThe Walt Disney Company is set to lay off 7,000 workers, CEO Bob Iger says in earnings call. no one wants their woke garbage. It's not mainstream and maybe they are starting to figure out that money talks. The folks are too broke to go to Disneyland because of high inflation. Breaking News: Disney lays off all straight cisgender employees
Source: ABC - 🏆 471. / 51 Read more »
Disney will report earnings for the first time since Bob Iger's return – what to expectDisney reports fiscal first-quarter earnings after the bell. This is Bob Iger's first earnings release since returning as CEO in November. Expect the unexpected! 🤔
Source: CNBC - 🏆 12. / 72 Read more »
Disney+ Drops 2.4 Million Subscribers in First Loss, Bob Iger Heralds ‘Significant Transformation’ UnderwayDisney+ dropped 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House&8217… all their woke bullshit is a turn off. walt would be disgusted. It’s not value for the money. Your website is literally impossible to use on mobile. Accessibility anyone?
Source: Variety - 🏆 108. / 63 Read more »
Disney Beats Expectations in Fiscal Q1, As Wall Street Looks to Bob Iger for Corporate ResetStreaming losses were better than last quarter, but still elevated.
Source: THR - 🏆 411. / 53 Read more »