Disney will begin enacting layoffs, implementing a targeted hiring freeze and limiting company travel as part of a sweep cost-cutting move announced to leadership Friday.
In a memo obtained by Variety, which was sent to top execs Friday afternoon, Disney CEO Bob Chapek wrote: “I am fully aware this will be a difficult process for many of you and your teams. We are going to have to make tough and uncomfortable decisions. But that is just what leadership requires, and I thank you in advance for stepping up during this important time. Our company has weathered many challenges during our 100-year history, and I have no doubt we will achieve our goals and create a more nimble company better suited to the environment of tomorrow.”
Chapek says that Disney will also be conducting a “rigorous review of the company’s content and marketing spending,” with all of these efforts being...
In a memo obtained by Variety, which was sent to top execs Friday afternoon, Disney CEO Bob Chapek wrote: “I am fully aware this will be a difficult process for many of you and your teams. We are going to have to make tough and uncomfortable decisions. But that is just what leadership requires, and I thank you in advance for stepping up during this important time. Our company has weathered many challenges during our 100-year history, and I have no doubt we will achieve our goals and create a more nimble company better suited to the environment of tomorrow.”
Chapek says that Disney will also be conducting a “rigorous review of the company’s content and marketing spending,” with all of these efforts being...
- 11/11/2022
- by Jennifer Maas
- Variety Film + TV
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