– Disney Begins 7000 Job Cuts After String Of Theatrical Failures:
Disney has finally hit the financial wall after a long string of money losing theatrical and streaming service failures, with the company committing last month to at least 7000 job cuts to help cover a $5.5 billion total savings target. The move followed the abrupt replacement of former CEO Bob Chapek and the return of Bob Iger, and has been blamed on “macroeconomic headwinds.”
Those layoffs are being initiated in March, with the bulk of pink slips expected to be handed out in April as new details of the mass firings emerge. Already, Marvel Studios VFX head and notorious woke promoter Victoria Alonzo has abruptly left the company, indicating that layoffs may extend to management.
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