Posted on 04/20/2023 4:47:11 AM PDT by CFW
ESPN will begin layoffs early next week as part of parent company Disney ’s cost cutting efforts, according to people familiar with the matter.
Cuts will include some on-air talent and management, said the people, who asked not to be named because the discussions are private. The number of layoffs at ESPN is unclear and the decision process is still fluid.
An ESPN spokesperson declined to comment.
Disney is eliminating 7,000 jobs in three rounds, with the second round happening next week, said the people. The company will also lay off about 15% of the staff in its entertainment division next week, Bloomberg reported this week.
Disney’s first round of cuts occurred last month and included its metaverse strategies unit and part of its Beijing office.
(Excerpt) Read more at cnbc.com ...
Disney stock is back below $100 per share. It's chances of returning to its highs of approximately $190.00 per share of a little over two years ago, is slim to none if they insist on staying on their current path, which it appears they will be doing.
Today’s good news story.
The sad part of that is looking where the problems for Disney are. South Asia has enough morals to dump Disney. North America is so in the sewer the 200,000 increase in customers barely put a dent in the total loss.
Lay-offs related article:
“Meta has started its latest round of layoffs, focusing on technical employees”
Financial and economic related article:
https://www.zerohedge.com/markets/us-equity-futures-slide-global-risk-sentiment-turns-sour
“US equity futures suffered their biggest overnight drop this week as a premarket slide in Tesla shares added to uncertainties surrounding the future of US monetary policy as well as the overall quality of the first-quarter earnings season. Contracts on the S&P 500 fell 0.7% as of 7:00 a.m. in New York while Nasdaq 100 futures took a 1% hit. Elsewhere, bond yields were lower, the USD was lower, and commodities were weaker on global demand fears.”
The bad news is that there will be layoffs but the good news is that LGBT people like us
Learn to code, mofos!
Good, technical employees will have no problems getting new jobs.
“ESPN personalities Sage Steele and Samantha Ponder panned Lia Thomas’ support of the Biden administration’s plan to release new Title IX rules that would bar states from banning transgender students from competing against the gender they identify as”
Well no doubt ESPN has these two ladies on the short list. Boy the $hit will hit the fan if these two get cut loose especially on being a POC
That’s a shame.
Wait a second… Trump says otherwise.
Well, about all I can say is Zip-A-Dee-Doo-Dah come, Zip-A-Dee-Doo-Dah go.
ESPN is more radical than their Disney parent company and unwatchable.
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E xtreme
S ocialist
P ropaganda
N etwork
Sounds like those jobs were “non-binary”. One day you have one, the next day you don’t.
Enjoying this.
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