<p><a href="http://dailywire.com/topic/disney" target="_blank" rel="noopener">Disney</a> plans to eliminate thousands of jobs next week, dismissing as many as 15% of entertainment staffers, according to a <a href="https://www.bloomberg.com/news/articles/2023-04-19/disney-is-poised-to-eliminate-thousands-of-jobs-next-week" target="_blank" rel="noopener">recent</a> report from Bloomberg.</p>
<p>Disney CEO Bob Iger <a href="https://www.dailywire.com/news/disney-will-begin-mass-layoffs-this-week-ceo-announces" target="_blank" rel="noopener">announced</a> two months ago that the company would dismiss 7,000 workers as part of a “strategic realignment” meant to reduce costs. The layoffs will impact employees in the conglomerate’s television, film, theme parks, and corporate divisions, in addition to the entertainment unit, with some workers slated to lose their positions on Monday.</p>
<p>“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,” Iger informed staff members last month. “In tough moments, we must always do what is required to ensure Disney can continue delivering exceptional entertainment to audiences and guests around the world, now, and long into the future.”</p>
<p>The company’s entertainment unit serves as a primary area for the headcount reductions as Iger pivots toward focusing on franchise properties and well-known brands. He elevated veteran executives Alan Bergman and Dana Walden to serve as co-chairs of Disney Entertainment, the restructured department created earlier this year.</p>
<p>Disney will also restructure the firm’s finance department such that staffers managing accounts for Disney Entertainment and ESPN are more closely consolidated. Bryan Castellani will serve under Disney CFO Christine McCarthy as the finance lead for the two business units, according to a <a href="https://www.businessinsider.com/disney-leaked-memo-reveals-new-finance-structure-espn-entertainment-layoffs-2023-4" target="_blank" rel="noopener">memo</a> obtained by Business Insider.</p>
<p>“I am confident that we are building an even more aligned and collaborative team that will enable our businesses and functions and help the company achieve its stated goals. Please join me in supporting the leaders who are taking on new roles and additional responsibilities. Each will be sharing more about their respective teams and structure in the near future,” McCarthy wrote in the memo. “While our changes are necessary to set the company up for future success, I acknowledge that change can be filled with tough decisions, conversations, and realities. There is more work to be done, and I appreciate your continued efforts, resiliency, and outstanding contributions through this time.”</p>
<p>Former Disney CEO Bob Chapek, who Iger handpicked to serve as his successor in February 2020, was dismissed by the board of directors after lackluster financial performance under his leadership and replaced with Iger in November 2022. The company’s stock price has declined 17% over the past year, and several other prominent entertainment and technology companies have been forced to <a href="https://www.dailywire.com/news/amazon-to-dismiss-thousands-more-workers-as-big-tech-layoffs-continue" target="_blank" rel="noopener">dismiss</a> large shares of their employees.</p>
<p>Disney has also lost trust among some consumers after Chapek and other executives involved the firm in contentious culture war battles last year. Disney publicly <a href="https://www.dailywire.com/news/watch-desantis-torches-disney-over-opposition-to-law-banning-sexual-ideology-being-forced-on-young-children" target="_blank" rel="noopener">opposed</a> a parental rights law in Florida that bans instruction about sexual orientation and gender identity to children between kindergarten and third grade. Some 64% of Americans, including 62% of Democrats and 57% of independents, nevertheless supported the law, according to an exclusive <a href="https://www.dailywire.com/news/exclusive-poll-over-60-of-americans-back-floridas-limits-on-k-3-lessons-on-sexual-orientation-and-gender-identity" target="_blank" rel="noopener">poll</a> from The Daily Wire.</p>
<p><b data-stringify-type="bold"><a class="c-link c-link--focus-visible" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent">CLICK HERE TO GET THE DAILY WIRE APP</a></b></p>
<p>Iger expressed <a href="https://www.dailywire.com/news/new-disney-ceo-says-company-will-quiet-things-down-regrets-predecessor-battled-desantis" target="_blank" rel="noopener">regret</a> about the company’s opposition to the policy upon his return and promised that leadership would more carefully listen to consumers in the future. “I was sorry to see us dragged into that battle, and I have no idea exactly what its ramifications are in terms of the business itself,” he told employees. “What I can say is that the state of Florida has been important to us for a long time, and we have been very important to the state of Florida.”</p>
<p><i>Disclosure: The Daily Wire has announced plans for kids entertainment content.</i></p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Disney Will Dismiss Large Chunk Of Entertainment Staffers Next Week: Report

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Business

Disney

Economy

Entertainment

Jobs

Unemployment

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Disney Will Dismiss Large Chunk Of Entertainment Staffers Next Week: Report