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Disney to cut costs, freeze hiring after earnings disappoint

Por: The Boston Globe Business November 12, 2022

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Walt Disney Co. announced a companywide cost-cutting drive, including a hiring freeze on all but the most important jobs, days after a wider loss in streaming led to its worst one-day stock rout in more than 20 years.A new executive committee that includes Chief Financial Officer Christine McCarthy and General Counsel Horacio Gutierrez will spearhead the savings efforts, according to a memo Friday from Chief Executive Officer Bob Chapek. That... + full article



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