News / disney
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1 min read
Disney's New CEO Marks Day One By Firing 1,000 People
Read more . . . →Josh D’Amaro is two months into the Disney top job and already he’s sent the memo every new CEO sends: we’re cutting 1,000 jobs. Studio, TV, ESPN, Product & Tech. The castmembers who kept the magic running while the C-suite argued about streaming margins are cleaning out their desks so D’Amaro can prove to Wall Street he means business. Nothing says “happiest place on earth” like watching your boss announce your layoff in the third paragraph of a company-wide email. Disney is sitting on a $180 billion market cap. The first real move of the new regime is to squeeze...
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