Disney announces layoffs of 7,000 employees. The big company that makes sweaters, Disney, announced this week that it is laying off 3% from its employee schedule.
It's news that isn't surprising, because we've seen it with big companies like Microsoft, Google, etc.
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What does the undressing do?
Just like other large technology companies, Disney has to reduce costs, as 2022 was not as financially productive as expected.
Even though they managed to exceed expectations while realizing the gains they had in mind, just to be able to maintain this year, they decided to make adjustments.
And let us remember that Disney had a very bad time during the pandemic, having to close its parks for an indefinite period of time and release more than 10,000 employees without pay.
I have deep affection for the company.
They will also announce cuts in their Marketing campaigns, and on their platforms.
Oh, and that's it, we have to remember that the Disney + streaming platform, despite its current Marvel series and films, is not generating as much profit as expected.
And more, for the last quarter of 2022, they lost more than 2.4 million subscribers. It was the first time, since they launched the platform, that no subscriber gained, and that was even better than lost.
The employees
The company's CEO, Igor, announced that he understands the great commitment that ties all employees to the network of the world who works for them.
And the decision was not taken lightly. It is hoped that towards the end of the year, they will be able to keep the company stable, and start with new hires.
There are no benefits available to employees after being laid off, but we are still waiting for more information.
