The Walt Disney Company is in the midst of some major layoffs right now. During a recent earnings call, Disney CEO Bob Iger announced that thousands of jobs would be cut as the company works to cut costs.
©Disney | Walt Disney Company Headquarters
The layoffs began in late March 2023, and several executives lost their jobs as a result. Those job cuts have meant that an entire division of the company was eliminated, and a couple of major projects have been scrapped. Disney has stated that these job cuts are part of a huge effort to cut $5.5 billion in spending, but one Marvel executive claims that there’s a different reason why Disney fired him. [Read more…]
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