Portuguese 
English 
Spanish 
2 min of reading 
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.
-
Brazil can reach 20% biodiesel in diesel fuel: the Future Fuel Law foresees an annual increase of one point, and the government wants to approve the next step, from 15% to 16%, still this year.
-
While Brazil has the highest tax burden in the world, Paraguay attracts Brazilians with a 10% VAT and a tax burden almost 18 points lower; the Brazilian reform bets on a dual VAT to reorganize a system that collects 33.7% of GDP and surpasses the Latin American average.
-
The federal government will give a discount of up to 90% on the debts of millions of Brazilians, and Nubank will participate: renegotiation will be done directly through the app, without external websites, with personalized installments, value updated in real time, and confirmed participation of major banks in the country.
-
The Government of Italy makes a prediction that excites Brazilians, foreseeing Italian food becoming cheaper with tax cuts that could reach US$ 63 million.
The CEO of The Walt Disney Company stated during a conference call with analysts that the reorganization will result in a more collaborative and efficient approach to its operations. We are firmly committed to operating with high efficiency, especially in a competitive environment. Streaming continues to be Disney’s top priority, according to 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.
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.
Be the first to react!