WOKE Disney Announces Massive Job Cuts, Restructuring of Company
Karma is the unemployment line.
Layoffs at America’s biggest most WOKE companies continue apace but don’t worry, the Biden regime touts the greatest labor market ever.
Disney Jumps on Iger’s $5.5 Billion Savings Plan, Job Cuts
- Parks division delivers double-digit gains in sales, earnings
Walt Disney Co. Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company that includes cutting 7,000 jobs and $5.5 billion in cost savings.
The reductions include lower spending on programming and $2.5 billion in non-content related cuts. As part of the change, Disney’s CEO also announced that the company will be reorganized into three divisions: an entertainment unit that includes its main TV and film businesses, the ESPN sports networks, and the theme-park unit, which includes cruise ships and consumer products
AUTHOR
Pamela Geller
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