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According to an internal memo addressed to Disney’s executives on Friday, the woke firm would soon begin enforcing layoffs, implementing a targeted hiring freeze, and limiting business travel to essential only as part of a wide cost-cutting initiative, CNBC reported.
“I am fully aware this will be a difficult process for many of you and your teams.” Disney CEO Bob Chapek wrote in a memo to top executives.
“We are going to have to make tough and uncomfortable decisions. But that is just what leadership requires, and I thank you in advance for stepping up during this important time. Our company has weathered many challenges during our 100-year history, and I have no doubt we will achieve our goals and create a more nimble company better suited to the environment of tomorrow.”
In the letter, Chapek explains how he convened a cost structure taskforce composed of executive officers such as CFO Christine McCarthy and General Counsel Horacio Gutierrez.
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“Along with me, this team will make the critical big picture decisions necessary to achieve our objectives,” Chapek said.In the memo, he outlined the following […]
Covid variant BA.5 is spreading. It appears milder but much more contagious and evades natural immunity. Best to boost your immune system with new Z-Dtox and Z-Stack nutraceuticals from our dear friend, the late Dr. Vladimir Zelenko.