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Tag: Disney Company

Bob Iger Announces 13,000 New Jobs Will Come to Disney World

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On top of Disney’s battle with DeSantis over the Reedy Creek District (now called the Central Florida Tourism Oversight District), Disney has been in the news for its large amount of layoffs.

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In 2022, former Disney CEO Bob Chapek announced a hiring freeze and when Bob Iger took over as CEO in November, he confirmed that this planned hiring freeze would still happen. Recently, though, Disney has started its first wave of layoffs from the company including some executives. Now, though, we have an update on the future of jobs at Disney World.

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“I’m Still Alive Because I Retired from Disney,” Says Former Disney CEO

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Things with Disney’s executive team have been in flux lately.

©Disney | Walt Disney Company Headquarters

Bob Chapek is no longer CEO, a new chairman of the Board will be starting soon, some executives have left, others are set to return, and job cuts could impact many employees across the Company. And while Bob Iger has returned to the CEO position for a 2-year run, one former Disney CEO has indicated that LEAVING the Company is what may have actually helped him to keep on living.

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3 Big Problems Bob Iger Is Facing Right Now

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Bob Iger may have only just returned to the CEO position at Disney in November of 2022, but he’s already faced some huge challenges.

©D23

There have been executive leadership changes, a major reorganization of the Company is underway, and huge cost cuts (we’re talking BILLIONS) are planned for the Disney Company. But that’s not all. Right now, we’re tackling 3 of the major unexpected challenges Iger has had to face and just what the future might hold. Let’s break it all down!

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Executive Leadership CHANGE Announced Following Disney’s Restructuring News

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Bob Iger announced a massive Disney restructuring recently and it’s already having a big impact on the Company.

©Disney

The changes, which took place effective immediately, are meant to restore a greater amount of control to Disney’s creative leaders and essentially undo the structure put in place under Bob Chapek. There will be 3 key segments at Disney under this new structure: (1) Disney Entertainment, (2) ESPN, and (3) Disney Parks, Experiences, and Products. But just how is this change impacting Disney’s leadership team? We just got an update.

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CEO Bob Iger Answers a Key Question About His Future With Disney

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Bob Iger returned as Disney’s CEO in November 2022 with a 2-year term and a clear mandate — reorganize the Company for success and find someone else to succeed you as CEO.

©Reuters | Disney CEO Bob Iger

Since that time, we’ve already seen Iger make some big moves. Certain executives have left the company, a massive restructuring was recently announced, Iger has expressed that he is really focused on making streaming profitable, and layoffs and other cost-cutting measures are on the way. But if you, like many others, have wondered just whether 2 years will be enough for Iger to do what he wants and if he’ll stay longer, there’s an update you need to know about.

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“We Thought We Made the Right Decision” — Disney CEO Bob Iger Comments on Bob Chapek Selection

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November 2022 brought sudden DRASTIC changes to the Disney Company.

Bob Chapek and Bob Iger©CNBC

Bob Chapek was swiftly removed as CEO and Bob Iger returned to the position. Since that time we’ve seen a lot about what led to Chapek’s removal and what Iger felt about certain decisions Chapek had made. But now we’ve heard even more from Iger himself about the decision to pick Chapek as his successor.

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Bob Iger’s “Fight for the Future of Disney” Is OVER

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Disney has been in the middle of a huge battle lately, but it has finally ended.

©Disney | Walt Disney Company Headquarters

Activist investor Nelson Peltz and his company (Trian Partners) had initiated a proxy battle at the Walt Disney Company. Peltz’s goal was to get a seat on the Board of Directors at Disney to champion some of the changes he thought needed to be made within the Company. Disney had refused to add Peltz to the board despite Peltz having various meetings with them, and Disney made it clear that they did NOT support Peltz’s move to encourage shareholders to vote for him to grab a seat from another director. One reporter even called this proxy situation Bob Iger’s “fight for the future of Disney.” But it seems the fight is now over.

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Is Disney+ LOSING Subscribers? Here’s What the Numbers Say

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Streaming has become a big part of Disney’s business but also a big point of contention when it comes to Disney’s finances.

©Disney

Back in November of 2022, we got an updated look at the Disney+ subscriber numbers but we also learned that Disney’s streaming business as a whole had a loss of nearly $1.5 BILLION. This tremendous loss, among other things, ultimately contributed to the ouster of Bob Chapek as CEO. Since that November report, Bob Iger has returned as CEO and Disney has officially launched its ad-supported Disney+ tier. So what is going on with Disney’s streaming business now? We found out.

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Why a Random Date in April Will be CRITICAL to the Walt Disney Company

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A critical date is approaching for the Walt Disney Company.

©Disney

For quite some time, Disney has been in a battle with activist investor Nelson Peltz (and Trian Partners). One reporter even called it the “fight for the future of Disney.” Peltz has launched his proxy battle and is encouraging shareholders to vote “withhold” on another board nominee and “for” Peltz, giving him a seat on Disney’s Board of Directors. Disney has made it clear that they do NOT support Peltz’s bid for a seat on the Board. But just when will we know how this battle will end? Well, we’ve got an update!

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Disney Fears One Change Could Be “DISRUPTIVE” at a Crucial Time

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Things could be changing at the Walt Disney Company, but the Company’s Board of Directors isn’t just sitting back and letting it happen without at least issuing a response.

©The Walt Disney Company

For a while, we’ve been covering the situation with activist investor Nelson Peltz and Trian Parters/Group. Basically, Peltz has been attempting (for some time) to get a seat on Disney’s Board of Directors. He’s had meetings with both Bob Chapek and Bob Iger, but ultimately Disney has pushed back and refused to offer him a seat, arguing that he is not qualified. Peltz and Trian Partners have since decided to mount a battle for a seat on the Board of Directors, and now Disney has responded in a big way.

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