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Disney layoffs will begin this week, CEO Bob Iger says in memo
CNBC ^ | March 27, 2023 | Alex Sherman

Posted on 03/27/2023 3:29:01 PM PDT by ConservativeInPA

Disney will begin layoffs this week, the first of three rounds before the beginning of the summer that result in about 7,000 job cuts, according to a memo sent by Chief Executive Bob Iger.

The cuts are part of a broader effort to reduce corporate spending and boost free cash flow. Disney said last month it plans to cut $5.5 billion in costs, including $3 billion in content spend.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: broke; disney; woke
Go woke, go broke
1 posted on 03/27/2023 3:29:01 PM PDT by ConservativeInPA
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To: ConservativeInPA

Get rid of the groomers first, I might come back.

Nah.


2 posted on 03/27/2023 3:36:21 PM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: moovova

thats 2/3 of the entire staff


3 posted on 03/27/2023 3:44:36 PM PDT by ncalburt ( Gop DC Globalists are the evil.)
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To: ncalburt

Probably management as well.


4 posted on 03/27/2023 3:53:04 PM PDT by Robert DeLong
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To: ncalburt

LOL, true.


5 posted on 03/27/2023 3:55:31 PM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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I just saw that Disney plans to reboot firefly….Nooooooooooooo…that was by far the greatest show ever and was a travesty that it got canceled after half a season. I can think of no greater disservice to its memory than disney exhuming the corpse and repeatedly skull raping it for modern audiences. I think if they try to destroy firefly, violence is justified


6 posted on 03/27/2023 4:14:13 PM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: ConservativeInPA

Succeeded in ruining Boy Scouts, Girls Scouts, our Military, our Schools, every parade...and on and on...


7 posted on 03/27/2023 4:23:17 PM PDT by Sacajaweau ( )
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To: ncalburt

Re: 3 - Disney has over -170,000 employees.


8 posted on 03/27/2023 4:35:06 PM PDT by Fury
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To: moovova

I won’t be back. Glad to see disney die.


9 posted on 03/27/2023 5:28:40 PM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: ConservativeInPA

Release Song of the South on 4K disc and stream it on Disney+ and we’ll see.


10 posted on 03/27/2023 5:30:29 PM PDT by Jim Noble (You have sat too long for any good you have been doing)
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To: ConservativeInPA
…including $3 billion in content spend.

Well, cutting that can only be a positive thing, right?

11 posted on 03/27/2023 5:30:40 PM PDT by Allegra
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To: Jim Noble

Good luck with that. Lol


12 posted on 03/27/2023 5:31:44 PM PDT by ConservativeInPA ("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." )
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To: moovova

Schadenfreude.





It's a Sin, But I Can't help Myself.

13 posted on 03/27/2023 5:37:00 PM PDT by left that other site (Peacemakers who sow in peace reap a harvest of righteousness.)
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To: ConservativeInPA
Ain't life a B....

Get woke, go broke.

14 posted on 03/27/2023 5:48:29 PM PDT by Newbomb Turk
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To: Jim Noble

If you have to go to orlando. Seeaworld and Busch gardens in Tampa are alternatives. Same company. Funspot on the 192 strip is a good day too.


15 posted on 03/27/2023 5:52:43 PM PDT by reviled downesdad (Some of the lost will never believe the Truth.Rinosrticle)
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To: ConservativeInPA

Disney should just re-brand as ‘Pedos-R-Us’ already.


16 posted on 03/27/2023 7:44:28 PM PDT by Newtoidaho (All I ask of living is to have no chains on me.)
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To: ConservativeInPA

Old David Letterman joke about hard times for Disney.

A sign of the decline is the story of Donald Duck’s three nephews.

Huey, dead.
Dewey, dead.
Louie, in rehab.


17 posted on 03/27/2023 8:42:27 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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