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Disney plans to freeze hiring and cut jobs, memo shows

Disney plans to freeze hiring and cut jobs, memo shows

2 years ago
Anonymous $_PGtSJbg8h

https://www.siliconvalley.com/2022/11/12/disney-plans-to-freeze-hiring-and-cut-jobs-memo-shows/

Disney is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday.

Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying the company is instituting a targeted hiring freeze and anticipates “some small staff reductions” as it looks to manage costs.

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