Large companies in the United States, such as Disney, are changing the operating model and are making massive layoffs to reduce expenses.
With the arrival of the new CEO of Disney, Bob Iger, come the layoffs. Since the time of having many employees is over and it is about being as efficient as possible. Now, we know what changes are being made at the business level.
According to THR, Disney’s biggest layoffs are focusing on the television production and acquisitions departments. That’s why they no longer have Jayne Bieber, senior vice president of production at Freeform/Onyx Collective, Mark Levenstein, head of production and post-production at Hulu, and Elizabeth Newman, head of acquisitions.
In fact, Newman’s entire acquisition team has been disbanded, while the production teams at Bieber and Levenstein will be merged with Carol Turner, executive vice president of production at ABC Signature. That team will continue to report to Eric Schrier, who was promoted by Dana Walden late last year to president of Disney Television Studios and business operations at Disney General Entertainment.
Bob Iger already warned you.
The layoffs are coming and in the end it will be around the figure of 7,000 employees who will have to leave the company. Especially from Disney Entertainment, ESPN and Parks, Experiences and Products. Since he said:
“The layoffs are necessary to create a more efficient, coordinated and streamlined approach to our business.”
Bob Iger (image by cordonpress)
All this will cause 5,500 million in cost savings in the company. Something that other large companies are already doing like Amazon, Google or Facebook. Not counting the bleeding that has occurred on Twitter.
Bob Iger returned to the position of CEO of Disney after Bob Chapek had only been in charge for 2 years, in which the results were bad and he even made accounting changes that were not liked at all. For example, putting negative figures from the television department to another sector.
Additionally, Iger appointed Dana Walden and Alan Bergman to oversee Disney Entertainment, with Jimmy Pitaro continuing to lead ESPN and Josh D’Amaro in charge of the parks and merchandise division. Which caused very important changes in the highest part of the company.
Without forgetting, they recently fired Victoria Alonso, a director who had been at Marvel Studios for a long time and who was in charge of special effects. Now, she will no longer work for Disney, although she has already announced that she will go to court because she does not agree with this situation.
Victoria Alonso (image by cordonpress)
We’ll see what more moves the company makes in the coming months, but it’s clear that the large-scale revamp is a no-brainer.
