Disney4me Posted June 2, 2023 Report Posted June 2, 2023 It’s been a little over six months since Bob Iger returned as the Walt Disney Company’s CEO, but in that short amount of time, the company has gone through a LOT of changes. ©Disney Not only has Iger overseen a series of “organizational and operations changes,” but there have also been some serious budget cuts made to the tune of $5.5 billion. A portion of those budget cuts included laying off 7,000 employees, and the company has now met that goal. According to Variety, Disney recently finished handing out notices to the remaining employees affected by its final round of job cuts. These job cuts mainly affected those employed in Disney’s media divisions, with those employed at the Disney Parks left mostly untouched. ©The Walt Disney Company However, Disney still has plans to get rid of more international roles within the company, but it has reached the immediate goal that it set back in February 2023. Other cuts the company is focusing on include $2.5 billion in “non-content costs,” as well as cuts of $3 billion in non-sports content costs. Most recently, Disney pulled more than 50 shows from its Hulu and Disney+ streaming libraries in an effort to cut costs on streaming. ©Disney Disney’s streaming cuts arrived right after the Writers Guild of America went on strike, with part of the WGA’s demands being better compensation (among other things) when it comes to their work on TV shows and movies on streaming platforms. The strike has already affected some of Disney’s upcoming projects, including the Blade movie. ©Marvel Meanwhile, Iger is also in the midst of a battle between the Walt Disney Company and Florida Governor Ron DeSantis after Florida stripped Disney of its Reedy Creek District to set up the Central Florida Tourism Oversight Board for the property that is in and around Disney World. This came after Disney made an official statement in response to Florida’s Parental Rights in Education law. We’ll continue to report on ALL Disney news, so stay tuned to DFB for more! WHY Disney+ Is Getting Rid of Over 40 Films and Series Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe! WE KNOW DISNEY. YOU CAN, TOO. Oh boy, planning a Disney trip can be quite the adventure, and we totally get it! But fear not, dear friends, we compiled EVERYTHING you need (and the things to avoid!) to plan the ULTIMATE Disney vacation. Whether you're a rookie or a seasoned pro, our insider tips and tricks will have you exploring the parks like never before. So come along with us, and get planning your most magical vacation ever! Save 25% on the 2023 DFB Guide to Walt Disney World Dining with code WDW2023. GET YOUR GUIDE NOW What do you think of Disney’s cost-cutting plans? Let us know in the comments!The post Bob Iger Hits Important Goal at Disney first appeared on the disney food blog.View the full article Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.