Disney plans to slow down hiring across its content and distribution division as the company's stock bounces off a new 52-week low.
, have cut jobs this year as valuations have slumped. Disney hasn't announced any plans to eliminate jobs.As we begin fiscal 2023, I want to communicate with you directly about the cost management efforts Christine McCarthy and I referenced on this week's earnings call. These efforts will help us to both achieve the important goal of reaching profitability for Disney+ in fiscal 2024 and make us a more efficient and nimble company overall.
To be clear, I am confident in our ability to reach the targets we have set, and in this management team to get us there. We are not starting this work from scratch and have already set several next steps—which I wanted you to hear about directly from me. Second, we are limiting headcount additions through a targeted hiring freeze. Hiring for the small subset of the most critical, business-driving positions will continue, but all other roles are on hold. Your segment leaders and HR teams have more specific details on how this will apply to your teams.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney Stock Plunges 13% To New Multi-Year Low On Earnings Miss, Weak Profit Outlook – UpdateUPDATED with closing stock price: Disney stock closed at $86.75 a share, down more than 13% as investors punished the company for its disappointing quarterly earnings report and weak earnings forec…
Read more »
Andor Director Breaks Down Episode 9's A New Hope ReferenceAndor director Toby Haynes breaks down the show's callback to Leia's torture scene. 'I said, 'Look, I’ve absolutely got a moment here I’m going to have to do for myself...''
Read more »
Tony Hale talks Season 2 of 'The Mysterious Benedict Society' on Disney+The new season takes the four gifted orphans on another action-packed mission to save the world.
Read more »
DeSantis went to battle with Disney, but he didn't mention he got married thereThe Disney wedding venue, which hasn't previously been reported, is the latest chain of events in the DeSantis-Disney saga.
Read more »