WSJ: Disney to Cut 200 jobs, Nearly 6% of Staff Across ABC News, Disney Entertainment Networks

[Gaius]

This comes on top of big cuts 2 years ago

https://www.wsj.com/business/media/disney-to-cut-nearly-6-staff-across-abc-news-disney-entertainment-networks-8af04b40

Archives

Just In . . . Disney to cut 7,000 jobs (3% of workforce) . . . will the government cut next?

Okay well it’s doubtful the government will cut 3% of it jobs. the rest of us who are still working will just have to pay more Anyway Disney is cutting 3% of its workforce. Disney stock jumped 5.7% on the announcement and currently sells for $118/share. That gives it a P/E of 62.8 4 times the historically sustainable average and almost 6 times higher than most stocks can sustain during a bear market. Look at the bright side, at least it has income now (it took losses in 2019 and 2020) Th…

Disney to cut 7,000 jobs and slash $5.5 billion in costs as it unveils vast...

[Guvnah]

All the hand-wringers lamenting the government cuts aren’t going to set their hair on fire over corporate cuts.

[Gaius]

@Guvnah

All the hand-wringers lamenting the government cuts aren’t going to set their hair on fire over corporate cuts.

Well the monthly jobs report comes out this Friday so, everything jobs related is in the news right now.

[SeaManatee]

The Acolyte hurt a lot of people.