Disney Set For Layoffs After Billion Dollar Earnings Miss

CEO Bob Chapek of Disney told executives that layoffs at the entertainment giant were likely, just days after a weak earnings report that missed expectations by over $1 billion, the Wall Street Journal reported Friday, citing an internal memo.

The email also announced a hiring freeze among other cost-saving measures including a request to limit travel without prior approval from executives, according to the WSJ. The company missed expectations for its fourth quarter earnings on Nov. 8 after losing nearly $1.5 billion on its Disney+ streaming service, nearly 40% worse than what analysts anticipated.

Golly whiz WOKE Joke People - what ever could have caused such an upset?
Not that you give a crap.

Thinkerbell · 41-45, F

@PatKirby

Poor Thinkerbell's walking on eggs,
Because of those woke Disney dregs
Who MIGHT lay her off
Cuz at wokes she does scoff,
And cuz Disney is ON its last legs.

jackjjackson · 61-69, M

😂 I suppose attendance is down, they aren’t selling cd’s etc. I wonder how their streaming service is going? I’m not a customer and don’t know anyone who is. No doubt in your capacity it’s free right? @Thinkerbell

ron122 · 41-45, M

I guess the only people going to Disney are the freaky woke people. What a clown show the parks must look like.🤣