Published 1 year ago

Disney plans targeted hiring freeze and job cuts, according to memo

Summary by Ground News

Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives.

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Times of India

Disney plans to freeze hiring and cut some jobs, memo shows

The move came after Disney missed Wall Street estimates for quarterly earnings on Tuesday as the entertainment giant racked up more losses from its push into streaming video, which it refers to as its direct-to-consumer (DTC) business. Shares of the company fell more than 13% on Wednesday following its results.

1 year ago·India

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Reuters

Disney plans to freeze hiring and cut some jobs, memo shows

Walt Disney Co is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday.

1 year ago·United Kingdom

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Hindustan Times

Disney plans hiring freeze, job cuts to manage costs: Report

1 year ago·New Delhi, India

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CNN

Disney plans to freeze hiring and cut jobs, memo shows

Disney is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday.

1 year ago·Atlanta, United States

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KIFI

Disney plans to freeze hiring and cut jobs, memo shows - Local News 8

by ReutersDisney is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday.Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying the company is instituting a targeted hiring freeze and anticipates “some small staff reductions” as it looks to manage costs.“While certain macroeconomic fa…

1 year ago·Idaho Falls, United States

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