From Screen to Stream: Disney Axes Titles and Jobs in Multi-Billion Dollar Cost-Cutting Crusade
Portfolio Pulse from Anusuya Lahiri
Walt Disney Co (NYSE:DIS) has begun a third round of layoffs, likely affecting over 2,500 workers, as part of its multi-billion dollar cost-cutting plan. Disney aims to cut costs by $5.5 billion through layoffs and removing titles from its streaming platforms.
May 23, 2023 | 5:46 pm
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NEGATIVE IMPACT
Disney's third round of layoffs and cost-cutting measures may impact investor sentiment and stock price in the short term.
The news of Disney's third round of layoffs and cost-cutting measures directly affects the company and its workforce. This may lead to negative investor sentiment, as it indicates the company is facing financial challenges, which could result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100