Opa-locka, FL (February 18, 2022) Homeland Security Deputy Secretary John Tien joins First Lady Jill Biden at a listening session with military families, as well as a book reading event in partnership with Disney and Blue Star Families as part of the White House’s Joining Forces initiative at the U.S. Coast Guard Air Station Miami in Opa-locka, Florida. (DHS Photo by Benjamin Applebaum)
Over the last year, Disney has endured a number of mostly self-inflicted punishments. Lately, Disney has taken every opportunity to express its adherence to woke ideology. That strategy has produced some mega failures. From box office flops like Lightyear and Strange World to losing special tax status for its parks in Orlando, Florida, Disney faced pushback wherever it attempted to push woke narratives. Now the company is about to fire 7,000 employees in an attempt to regain some traction. Alexandra Canal reports:
Disney (DIS) CEO Bob Iger announced the start of the company’s mass layoffs on Monday after the company last month outlined plans to cut 7,000 workers this year in an effort to slash $5.5 billion in costs.
“This week, we begin notifying employees whose positions are impacted by the company’s workforce reductions,” Iger wrote in an internal memo obtained by Yahoo Finance. “Leaders will be communicating the news directly to the first group of impacted employees over the next four days. A second, larger round of notifications will happen in April with several thousand more staff reductions.”
Iger, who said the final round of layoffs will take place before the beginning of the summer to reach the 7,000-job target, warned there will be “challenges ahead” for the employees still present at the company.
“For our employees who aren’t impacted, I want to acknowledge that there will no doubt be challenges ahead as we continue building the structures and functions that will enable us to be successful moving forward. I ask for your continued understanding and collaboration during this time,” he wrote.
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