Get Woke, Go Broke: Disney To Lay Off Employees After Billions In Operating Losses• https://www.zerohedge.com by Tyler Durden
Disney has put a freeze on hiring, it is limited employee travel and is also reviewing workers for efficiency with plans to introduce cuts as a means to make the company "more nimble." CEO Bob Chapek noted in a leaked memo to senior staff:
"As we work through this evaluation process, we will look at every avenue of operations and labor to find savings, and we do anticipate some staff reductions as part of this review.
...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."
Chapek mentions in the same memo the problem of "macroeconomic factors" out of Disney's control. He does not, however, mention his habit of bending the knee and groveling to woke activists, attempting to sabotage Florida's anti-grooming legislation for public schools, or the company's steady supply of content that pushes far-left narratives.