Posted on 05/23/2023 9:22:58 AM PDT by Red Badger
Disney has begun its third round of layoffs as it reaps the dire consequences of its continued push of woke politics and LGBTQ ideology onto children.
Despite objections from the public, the Disney has remained defiant in its stance on LGBTQ and social justice issues as the company begins its layoffs.
As The Daily Fetched reported earlier this year, Disney saw a whopping $123 billion wiped from its market value due to its identity politics.
In 2022, Disney saw its worst year since 1974, when the company’s stock dropped 54 percent.
However, Disney’s future does not hold much hope unless it ditches pushing ‘woke’ and LGBTQ ideology onto children.
As Comic Book reported:
The latest layoffs were initially announced by former CEO Bob Chapek and kept by Iger as a way to save more costs amid rising economic challenges. Outside of Iger and other members at the highest levels of the Disney C-suite, no employee has seemed safe from termination, given the likes of longtime Marvel boss Ike Perlmutter have received pink slips during the layoffs.
“The difficult reality of many colleagues and friends leaving Disney is not something we take lightly. This company is home to the most talented and dedicated employees in the world, and so many of you bring a lifelong passion for Disney to your work here,” Iger wrote in the memo (via Variety).
“That’s part of what makes working at Disney so special. It also makes it all the more difficult to say goodbye to wonderful people we care about. I want to offer my sincere thanks and appreciation to every departing employee for your numerous contributions and your devotion to this beloved company.”
“For our employees who aren’t impacted, I want to acknowledge that there will no doubt be challenges ahead as we continue building the structures and functions that will enable us to be successful moving forward. I ask for your continued understanding and collaboration during this time,” he continued.
As CNN noted:
The first two waves of layoffs took place in March and April, eliminating roughly 4,000 jobs, including at ESPN, Disney’s entertainment division, Disney Parks, and its Experiences and Product division.
In February, Iger announced the media giant would axe roughly 7,000 employees from its global workforce in three waves before the start of summer, an undertaking aimed at saving $5.5 billion in costs. The labor cuts make up 30% of this figure, with another 50% coming from marketing operations and 20% from decreased spending on technology, procurement, and other expenses, the company said.
The latest wave of layoffs taking place this week is expected to bring the total number of job cuts to more than 6,500, approaching the 7,000 figure previously announced by Iger.
As of October 1, Disney had 220,000 employees — making the 7,000-person reduction about 3% of its global workforce.
but they have a great esg score
thats the important thing
Is this all of Disney or just Disney in Florida?
oh great- now my day is ruined- that poor company- everyone is attacking it for no reason
/s
Another example of “Go Woke and go broke!”
Ditto for Transheiser Busch.
It's the grunt workers and middle management who suffer.
I think the conclusion drawn from the headline is a stretch. The economy is slow all over.
“The labor cuts make up 30% of this figure, with another 50% coming from marketing operations and 20% from decreased spending on technology, procurement, and other expenses, the company said.”
Therefore, those involved in allowing or protecting
trafficking of children and women, will continue at increased
salaries.
All...................
Waiting for the Trump cultists to blame DeSantis and say he is destroying jobs in Florida and around the country.
LGBTQP ideology. The last letter is the major reason for their decline.
I forget. What happened in 1974?
Before you people get all giddy, most of this is due to business conditions and poor business decisions in other companies and divisions by the previous CEO. He also cooked the books shifting losses to hide where problems were. That’s why when those accounting slights of hand were discovered he got shit canned pronto and Iger’s return was requested by the company.
Yes, the “woke” issue has hurt for certain, but primarily in a PR sense. Disney is a long way from calling in hospice. More’s the pity.
Arab Oil Embargo....................
That is correct.
It says global layoffs in the article.
“Don’t fight the culture wars. They are too big to fail, you’re just wasting your time” they said.
It’s woke-iem,,but it’s a lot more than that.
It’s progressive policies and politics.
No democrat dares to admit how wrong they’ve been, even at the expense of destroying the country.
Biden had to try to kill oil/fossil fuels. Biden had to open the borders and let it anybody from other countries that wanted to come in. Biden had to call for EVS for everybody and for clothes dryers and washers ad dishwashers and gas stoves to be banned. Biden had to abandon Afghanistan at the expense of making America look weak. Biden had to mandate masks and covid shots, at the expense of eve killing people Biden had to support CRT and paying off student loans debt.
Biden had to do everything opposite to what Trump did. And the country is going to hell because of it.
Biden and democrats would rather let the country get destroyed than admit they’ve been doing everything wrong.
Disney is the same. The leadership there is doing everything that is killing the company, rather than admit they’re wrong with their woke-ness and LGBTQ policies.
People should know that, whatever Disney offers is not necessary to carry on with a good life. Disney entertainment is now absurdly improper, for kids and adults.
Wokeness is the new definition of insanity.
They invented Minnie Mouse and Daisy Duck to appeal to girls, and my granddaughters still love Minnie. Goofy’s available to become Goofette, though.
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