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.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Engine without traditional cylinder head could change the future of hybrids: Aramco creates DHE technology that simplifies mechanics, promises to reduce consumption by up to 25%, and challenges decades of evolution in combustion engines.

The Moon and Venus appeared side by side in the sky of Brasília, a photographer captured the rare encounter with a super camera and the image went viral, showing how a fleeting astronomical conjunction can transform an ordinary night into a spectacle seen throughout Brazil.

Ghost town of 4,000 residents, abandoned after the collapse of an iron mine, now becomes a drone training field for police, rescue, and emergency teams.

10-year-old girl learned English at the first free bilingual school in the North and Northeast, presented the project to adults, and went viral with 3.3 million views by showing how public education can open doors that previously seemed distant in Brazil.

Farmer transformed a lettuce plantation into a giant Brazilian flag, took 9 days to design the tribute to his newborn grandson and the National Team, and went viral by showing how a simple garden turned into a visual spectacle during the World Cup in Brumadinho, MG.

While in Brazil millions face problems with sanitation, transportation, and security, the “favelas” of Switzerland are impressive for offering quality of life, infrastructure, and public services that surpass even the upscale neighborhoods of many cities around the world.

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.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Engine without traditional cylinder head could change the future of hybrids: Aramco creates DHE technology that simplifies mechanics, promises to reduce consumption by up to 25%, and challenges decades of evolution in combustion engines.

Illegal betting money may change destination: government announces freezing of funds, contacts banks, and explains how the amounts could finance the fight against organized crime after a billion-dollar operation in three states.

Two sisters, aged 12 and 13, collected cans for a year, set up a lemonade stand without any help, and turned $236 into a business that has already grossed $65,000.

Central Bank changes rule that lasted decades and allows dollar and euro accounts in Brazil for exporters and companies with foreign capital, eliminating the need for currency exchange in some transfers starting in October 2026.

The Central Bank ends the R$ 500 limit on Pix by approximation, and account holders will be able to use the general Pix limit to pay any amount by tapping their phone on the terminal starting in October 2026.

The Moon and Venus appeared side by side in the sky of Brasília, a photographer captured the rare encounter with a super camera and the image went viral, showing how a fleeting astronomical conjunction can transform an ordinary night into a spectacle seen throughout Brazil.

Ghost town of 4,000 residents, abandoned after the collapse of an iron mine, now becomes a drone training field for police, rescue, and emergency teams.

10-year-old girl learned English at the first free bilingual school in the North and Northeast, presented the project to adults, and went viral with 3.3 million views by showing how public education can open doors that previously seemed distant in Brazil.

Farmer transformed a lettuce plantation into a giant Brazilian flag, took 9 days to design the tribute to his newborn grandson and the National Team, and went viral by showing how a simple garden turned into a visual spectacle during the World Cup in Brumadinho, MG.

While in Brazil millions face problems with sanitation, transportation, and security, the “favelas” of Switzerland are impressive for offering quality of life, infrastructure, and public services that surpass even the upscale neighborhoods of many cities around the world.