On Wednesday, recently re-instated Disney CEO Bob Iger announced that the entertainment giant would be laying off 7,000 of its employees and undergo mass restructuring as it attempts to rebound from the last quarter of Fiscal Year 2022.
On the chopping block is Disney‘s Media and Entertainment Distribution team, a holdover from the era of Iger’s predecessor Bob Chapek. The technology and product team, which oversaw the release of content on Disney+, is set to be dismantled entirely in favor of a replacement that puts creators back in the driver’s seat.
According to IndieWire, Iger revealed during Wednesday’s earnings report that in Q1 of FY2023, Disney increased its revenue in the direct-to-consumer sector to $5.3 billion, but still recorded losses of $1.05 billion in that division.
The loss, which still beat analysts’ expectations, was due to the loss of 2.4 million Disney+ subscribers around the world who left the service during the past four months, as well as the 3.8 million subscribers who ditched Disney+ Hotstar in India after it lost the rights to IPL cricket. MORE
So, as a powerplay, are they dumping the wokies or the last remaining straight people?
“So, as a powerplay, are they dumping the wokies or the last remaining straight people?”
The last humans.
mortem tyrannis
izlamo delenda est …
The Great Rat March of 2023
Oh, that’s a shame.
Since Disney epitomizes everything that is wrong with our nation, cheering its demise is actually quite patriotic.
What about the federal government?? They could use some SLASHING!!
Somebody else should document the destruction of their brand in a movie.
I guess slaves didn’t build Disney. That’s a shame.
Hey woke EX Disney employees, learn to code
Maybe they could re-release “Song of the South” (original version ) to make a few bucks.
(To the tune of “It’s A Small World”)
It’s a world of woke
It’s a world of pain
It’s a world gone broke
Serving the insane
There’s so much
they’ve destroyed,
That they’re now
unemployed,
There’s a pink slip for them all
Now…you all are un…employed,
Lost…the bennies you…enjoyed,
Turns…out kids don’t like…George Floyd,
Or your woke, woke
world
There is just one truth
You don’t seem to know
Innocent delights
They hoped you would show
But you hate
and divide
So your loss
es are wide
Soon you’ll find you’ve lost it all
Keep…ing perverts in…your walls,
Will…be your comple…te downfall
No…one wants princeess…with balls
Enjoy broke, broke, world
That’s a lot of Pedophiles with nothing to do but look for victims.
SNS that needs to be recorded and played on the radio.
@ nco77 FEBRUARY 9, 2023 AT 11:27 AM
Unfortunately the wrong 7,000 will be laid off.
No fan of new Disney (or a customer) here, but another perspective on this is that Disney is a time-honored American institution that is being destroyed by this new world order insanity and the real problem will not go away if Disney fails. The American culture (as well as the Western culture) is under attack so whether it’s another statue or another school or college infiltrated with Leftists or an institution like Disney destroyed it gets chalked up as a victory for the Left! Be careful what you celebrate!
@ TRF FEBRUARY 9, 2023 AT 1:17 PM
I prefer to take this advice instead:
And if thy right eye offend thee, pluck it out,
and cast it from thee: for it is profitable for
thee that one of thy members should perish, and
not that thy whole body should be cast into hell.
Matthew 5:29
I wonder if they laid off workers that came here from India. Remember Disney outgoing employees had to train them or lose their severance package? I can honestly say that I will never visit Disneyland again in my lifetime. They can go bankrupt for all I care.
Iger makes more than 1000x the average Disney employee.
They could cut some of the fat off the high muckety-mucks’ extortionate incomes and keep those people.
No way Iger “earns” $65.7 Million a year – no fucking way – especially since he LOST the company $1.05 Billion last year!
He should be shit-canned and the guy in the rat-suit given the job.
mortem tyrannis
izlamo delenda est …