) will lay off 7,000 workers as the company seeks to slash $5.5 billion in costs and restructures the organization into three core business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products.
Alan Bergman and Dana Walden will be Co-Chairs of Disney Entertainment, which will include the company's full portfolio of entertainment media and content businesses globally, including streaming. Iger underscored his commitment to creating a direct link between content decisions and financial performance. He said Disney+ is on track to achieve profitability by the end of fiscal 2024.
Big companies doing big layoffs, its going to come back and bite Biden on his touting of the unemployment rate!
Yet their profits are going up
Bob Iger: The hardest choices require the strongest wills.
I have one thing to say to Disney Zippity Do Da hope you’re all laid off and closed. GoWokeGoBroke
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