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Disney to cut costs, freeze hiring amid disappointing earnings report, CEO memo says

Por: Orlando Sentinel Business November 13, 2022

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Disney is planning a “targeted hiring freeze” as part of a broader strategy to cut costs after its recent quarterly earnings fell short of expectations, according to a memo by CEO Bob Chapek obtained by media outlets. First reported by CNBC, the memo comes as fourth-quarter revenue in Disney’s media and entertainment division fell 3% from last year. Some of that is due to losses from Disney’s streaming services, which lost nearly $1.5... + full article



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