March 23, 2023

Disney to Begin Massive Layoff

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By Ophelia Garrett

In Brief:

Disney CEO Bob Iger has allegedly ordered a massive layoff plan in an effort to cut costs. The goal for beginning these layoffs is April. 

The Background: 

Back in February, Iger announced Disney would begin by ending 4,000 jobs with the end goal of close to 7,000 jobs in part to help with the target of cutting costs to the tune of $5.5 billion. This will end up being close to a total of 3% of the Disney workforce of nearly 200,000. 

While some of the jobs being slashed are open positions they will no longer be hiring for, the majority are current employees. These cuts come following a year of $23.51 billion in profits, which is in excess of the expected $23.44 billion. 

Disney’s job cuts and scramble for financial stability comes following years of increased liberalism and embracing ideologies such as critical race theory and transgenderism among others in the push to indoctrinate children, their main target audience. They also have faced massive losses in the political battles with the state of Florida and head-butting with Gov. Ron DeSantis (R-FL), costing Disney the loss of special tax cuts and self-governing status.


Notable Quotes: 

"Disney is gonna pay its fair share of taxes and Disney is gonna honor the debt. ... This is obviously now going to be controlled by the state of Florida. So, there's a new sheriff in town." – Gov. Ron DeSantis (R-FL)



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