In an apparent go-woke-go-broke consequence, Disney’s CEO Bob Iger is reportedly set to cut thousands of people from the company in order to save money.
While Florida governor Ron DeSantis may have tried to go beast mode with his new legislation this week meant to take control of Disney’s Orlando district, it appears his efforts weren’t enough to curb Disney’s liberal insanity. The company is set to double down on its agenda as thousands are fired.
Daily wire reports, in an attempt to save money, Disney CEO Bob Iger plans to lay off thousands of employees.
According to Daily Wire, Iger announced that the company will reduce its workforce by 7,000 employees on its earnings call for the final quarter of fiscal-year 2022.
According to the report, the cut represents 3.2% of the company’s 220,000 global employees.
According to the report, more than $5 billion will be saved by cutting “non-content costs.” A $3 billion cut is also planned for sports.
In the report, Iger outlined a new structure for Disney, dividing the company into three segments: Disney Entertainment, ESPN, and Disney Parks.
The news of Disney layoffs comes as Ron Desantis just passed legislation ending Disney’s special self governance laws.
Fortune reports, Walt Disney World Resort’s government in Florida is the envy of any private business, with unprecedented powers to decide what to build and how to build it, issuing bonds, and having the ability to build its own nuclear plant if it so desired.
The entertainment giant’s days are over as a new bill released this week firmly puts the district under Florida’s governor and legislative leaders. Some see this as punishment for Disney’s opposition to Republican Gov. Ron DeSantis and the Republican-controlled Legislature for opposing the “Don’t Say Gay” law.
Governor Desantis of Florida appears to be a financial genius, as his recent legislation allowing him to take control of Disney’s Orlando district under a new bill has been followed by Disney CEO Bob Iger’s announcement that they will cut thousands of people from the company in an attempt to save money. It seems the “go woke, go broke” adage holds true, and domestic companies are beginning to feel the consequences of their woke agenda. What was once known world-wide as a reputable and beloved company apparently lied about its purported values — if what matters most is money, then it has become painfully clear that Disney doesn’t care about its consumers.
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