NERDBOT
    Facebook Twitter Instagram YouTube
    Subscribe
    NERDBOT
    • News
      • Reviews
    • Movies & TV
    • Comics
    • Gaming
    • Collectibles
    • Science & Tech
    • Nerd Culture
    • About Us
      • Join the Team at Nerdbot
    NERDBOT
    Home»News»Disney to Continue Painful, Numerous Layoffs
    News

    Disney to Continue Painful, Numerous Layoffs

    Carling McGuireBy Carling McGuireApril 21, 2023Updated:April 21, 20232 Mins Read
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email

    Bob Iger has been celebrated for returning to the Walt Disney Company as CEO. But in order to correct what Iger believes to be a failing infrastructure, a string of layoffs many describe as a bloodbath needs to continue. In order to save itself financially, Disney is making cuts everywhere by laying off, conservatively, 7,000 employees. From April 24 to the 27th, employees will be losing their jobs nearly every day.

    “There is a sense of foreboding that the cuts are going to be wide, large-scale and very meaningful,” an industry source claims. Apparently this threat of unemployment has brought company morale to an all time low. No one feels safe. Others have begun to panic about what the future holds for them. Especially for those who’ve spent their lives working for Disney.

    Say it ain’t so, Bob! — Bob Iger, D23 2015

    “It sucks, to be honest…Iger coming back got everyone’s hopes up for investment in people as well as creativity. Truth is if you’re not operating a ride at the parks, you could be on the chopping block. Maybe the worst part is still not knowing who is being let go, no matter how much time you put in,” a disappointed unnamed film executive said. It’s an upsetting revelation.

    Apparently Hulu as an overall streaming service may be facing difficult changes. There’s rumor that Hulu will be absorbed into Disney+. The streaming service is reportedly responsible for some of Disney’s quarterly losses. Comcast still owns a stake, however. Meaning Disney would have to purchase the service in its entirety to make it a Disney+ addition. Given Iger’s focus on cutbacks and financial stability, that would seem a bit of folly to do now. Though Iger states nothing is off the table. No doubt these changes to try and refine Disney’s business is going to be a long and painful process for all involved.

    Author

    Carling McGuire
    Carling McGuire

    View all posts

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous Article2 More Anne Rice Series Happening; Talamasca, Night Island
    Next Article Florida Governor Ron DeSantis Continues Fighting Against Disney
    Carling McGuire

    Related Posts

    Wrestling Legend The Iron Sheik has Passed Away

    June 7, 2023
    60

    “The Flash” Delivers Tasty-Yet-Empty Calories [Review]

    June 6, 2023

    SAG-AFTRA Authorizes Strike With 98% Vote

    June 6, 2023

    Help Identify Man Who Stole $10k Worth of Pokémon Cards

    June 5, 2023

    Pixar Lays Off Staff, Including “Toy Story” Savior Galyn Susman

    June 5, 2023

    John Carpenter Teases “The Thing 2,” Other Projects

    June 4, 2023
    Popular Posts
    • Artist Makes Hilarious "My Little Danny Trejo" DollArtist Makes Hilarious “My Little Danny…
    • The Best Casino Strategies for Maximizing Your Winnings: Insights from ExpertsThe Best Casino Strategies for Maximizing Your…
    • Unhinged Horror Movie “Crackcoon” Gets TrailerUnhinged Horror Movie “Crackcoon” Gets Trailer
    • 7 Ways To Enjoy Cannabis If You Don’t Want to Smoke7 Ways To Enjoy Cannabis If You Don’t Want to Smoke
    • "The Flash" Delivers Tasty-Yet-Empty Calories [Review]“The Flash” Delivers Tasty-Yet-Empty…

    • Latest
    • News
    • Movies
    • TV

    Lights, Camera, Touchdown: Exploring Movies Depicting the Lives of NFL Players

    June 7, 2023

    Level Up Your Game with Apex Legends Coaching: The Ultimate Guide for 2023

    June 7, 2023

    The Best B2B Channels for Lead Generation in 2023

    June 7, 2023

    CapitalBMarket.com Review Explores the Forex and Cryptocurrency Trading Platform

    June 7, 2023

    Wrestling Legend The Iron Sheik has Passed Away

    June 7, 2023
    6.0

    “The Flash” Delivers Tasty-Yet-Empty Calories [Review]

    June 6, 2023

    SAG-AFTRA Authorizes Strike With 98% Vote

    June 6, 2023

    Help Identify Man Who Stole $10k Worth of Pokémon Cards

    June 5, 2023
    Becky G for Viva Latino in 2017

    Becky G to Voice Khaji-Da in “Blue Beetle”

    June 6, 2023
    6.0

    “The Flash” Delivers Tasty-Yet-Empty Calories [Review]

    June 6, 2023
    "Crackcoon"

    Unhinged Horror Movie “Crackcoon” Gets Trailer

    June 6, 2023

    Everyone in Zack Snyder’s “Rebel Moon” Looks Like Furiosa

    June 6, 2023

    Harvey Guillén, Kate Micucci Join “Angry Birds Mystery Island” Series

    June 7, 2023

    “Ahsoka” Gets Official August Release Date

    June 7, 2023

    Auli’i Cravalho Series “Hailey’s On It” Hits Disney+ This Week

    June 7, 2023
    "Law & Order Toronto: Criminal Intent"

    “Criminal Intent: Toronto” Added to “Law & Order” Universe

    June 6, 2023
    Check Out Our Latest
      • Reviews
      • SDCC 2021
      • SDCC 2022
    Related Posts

    None found

    NERDBOT
    Facebook Twitter Instagram YouTube
    © 2023 NERDBOT Media

    Type above and press Enter to search. Press Esc to cancel.