Disney will begin enacting layoffs, implementing a targeted hiring freeze and limiting company travel as part of a sweep cost-cutting move.
will begin enacting layoffs, implementing a targeted hiring freeze and limiting company travel as part of a sweep cost-cutting move announced to leadership Friday.wrote: “I am fully aware this will be a difficult process for many of you and your teams. 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.
While certain macroeconomic factors are out of our control, meeting these goals requires all of us to continue doing our part to manage the things we can control—most notably, our costs. You all will have critical roles to play in this effort, and as senior leaders, I know you will get it done. We are not starting this work from scratch and have already set several next steps—which I wanted you to hear about directly from me.
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