Disney Plans Job Cuts And Hiring Freeze; CEO Bob Chapek Anticipates ‘Tough And Uncomfortable Decisions’
Amidst economic uncertainty, Walt Disney Co (NYSE: DIS) is reportedly planning to freeze hiring and cut some jobs. In addition, the media conglomerate has reported its quarterly results with an operating loss of $1.47 billion for its consumer segment. The revenue for the company’s Media and Entertainment segment was $12.7 billion, down 3% year-over-year. The operating … Read more