Disney Announced It Will Lay Off 7,000 Employees To Save $5.5 Billion In Costs

Written by Bruno Teles

Published on 09/02/2023 at 17:11

Disney -Demissão (Foto/divulgação)

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Walt Disney Co. Announced On Wednesday (8) A Large-Scale Restructuring Led By Recently Reinstated CEO Bob Iger To Achieve US$ 5.5 Billion In Cost Savings.

As part of this effort, the company will lay off about 7,000 employees, representing 3.6% of Disney’s global workforce. This restructuring aims to make the company’s streaming business profitable.

Disney announced a 3.6% reduction in its global workforce, which translated into a 4.7% increase in the company’s shares to US$ 117.22 in after-hours trading. The Mouse House announced measures, including the promise to restore a dividend to shareholders, to address investor Nelson Peltz’s concerns that it was over-relying on streaming.

Disney Fires CEO And Announces The Return Of Bob Iger

Disney CEO Bob Iger acknowledged on Wednesday that the company may have been overly proactive in acquiring customers for online video platforms while traditional television was in decline. The company is restructuring its operations into three segments: an entertainment unit covering film, television, and streaming; an ESPN unit focused on sports; and Disney parks, experiences, and products. This change aims to reduce operational costs and return creative power to executives.

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Boeing, One Of The Leading Aircraft Manufacturers In The World, Announced It Plans To Lay Off Approximately 2,000 Employees To Simplify Its Administrative Structure.

Boeing, a leader in the aviation sector, announced its intention to lay off about 2,000 employees over the next year. The goal is to simplify the organizational structure within finance and human resources to improve company performance and ensure its competitiveness in the market.

In addition, it is expected that one-third of the positions will be outsourced to Tata Consulting Services in India. To optimize its resources, the company has also been taking measures such as cuts in the finance and human resources departments.

Although it hired 15,000 workers last year, some administrative positions have been reduced. On the other hand, the company plans to hire 10,000 people to work in engineering and manufacturing in 2023. It currently has 156,000 employees.

Disney Announced It Will Lay Off 7,000 Employees To Save $5.5 Billion In Costs

Walt Disney Co. Announced On Wednesday (8) A Large-Scale Restructuring Led By Recently Reinstated CEO Bob Iger To Achieve US$ 5.5 Billion In Cost Savings.

Disney Fires CEO And Announces The Return Of Bob Iger

Boeing, One Of The Leading Aircraft Manufacturers In The World, Announced It Plans To Lay Off Approximately 2,000 Employees To Simplify Its Administrative Structure.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Xiaomi launches new refrigerator with HyperOS system of 508 liters that promises to eliminate 99.9999% of viruses in 120 seconds and keep food fresh for up to 7 days; meet the Mijia Pro.

Without radar, without fines, and without physical barriers: a red road in India uses smart asphalt with different colors and textures to reduce vehicle speed and protect wildlife in a natural and efficient way.

With 5.6 trillion tons of natural hydrogen beneath the Earth, 26 times the known oil and more energy than all the natural gas in the world, the new gold rush is already mobilizing Bill Gates, Amazon, and Petrobras.

War in the Middle East is making Brazil richer: the country has returned to the IMF’s global top 10 thanks to the rise in oil prices, and the projection is to surpass Russia by 2027 and Italy by 2028.

Thousands of small fish were caught climbing a 15-meter vertical waterfall in the Congo using microscopic hooks on their fins in a nearly 10-hour journey that defies gravity.

Disney Announced It Will Lay Off 7,000 Employees To Save $5.5 Billion In Costs

Walt Disney Co. Announced On Wednesday (8) A Large-Scale Restructuring Led By Recently Reinstated CEO Bob Iger To Achieve US$ 5.5 Billion In Cost Savings.

Disney Fires CEO And Announces The Return Of Bob Iger

Boeing, One Of The Leading Aircraft Manufacturers In The World, Announced It Plans To Lay Off Approximately 2,000 Employees To Simplify Its Administrative Structure.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

War in the Middle East is making Brazil richer: the country has returned to the IMF’s global top 10 thanks to the rise in oil prices, and the projection is to surpass Russia by 2027 and Italy by 2028.

Resident refuses to sell house for R$ 15 million to construction company and sees luxury condominium surround his property on all sides.

While Congress is still discussing the end of the 6×1 schedule, major pharmacy chains, supermarkets, and clothing stores have already adopted a 5×2 schedule and report more productive and happier employees.

BNDES approves R$ 244.9 million for bp bioenergy to build a biogas plant in Goiás that will transform ethanol vinasse into renewable fuel.

The war in the Middle East has caused the price of rubber gloves to soar by 40%, and analysts warn that hospitals around the world may face shortages of this essential product by the end of May.

Xiaomi launches new refrigerator with HyperOS system of 508 liters that promises to eliminate 99.9999% of viruses in 120 seconds and keep food fresh for up to 7 days; meet the Mijia Pro.

Without radar, without fines, and without physical barriers: a red road in India uses smart asphalt with different colors and textures to reduce vehicle speed and protect wildlife in a natural and efficient way.

With 5.6 trillion tons of natural hydrogen beneath the Earth, 26 times the known oil and more energy than all the natural gas in the world, the new gold rush is already mobilizing Bill Gates, Amazon, and Petrobras.

War in the Middle East is making Brazil richer: the country has returned to the IMF’s global top 10 thanks to the rise in oil prices, and the projection is to surpass Russia by 2027 and Italy by 2028.

Thousands of small fish were caught climbing a 15-meter vertical waterfall in the Congo using microscopic hooks on their fins in a nearly 10-hour journey that defies gravity.