The market is going through a turbulent time, we see this in most streaming services. Netflix or HBO Max, which has had to cut its workforce, as well as its long-term investments in new series and movies.
Again disney While we’re on the sidelines with subscription services, things seem to be changing according to recent reports. And according to a leaked memo from its CEO, the company is preparing for layoffs.
In this way, the conglomerate tries to cut costs by cutting some of the workforcealso considering the freezing of new contracts, this may affect services of the caliber. Disney+.
Specifically, Disney’s CEO, Bob Chapekthey would have indicated that they were waiting”some staff discountsWhen the company reviewed its spending, according to a leaked memo published by CNBC.
The Conglomerate also intends freeze most hiring and they plan to hire new employees only for the most important positions”able to develop business”.
It is unknown how many workers may be affected, given that Disney will start forming first.”a cost structure working group” to review each of your finances.
It was already seen during the finance director’s last meeting with investors last Tuesday. Christine McCarthy pointed out that they “Assess your cost base to seek significant efficiencies”.
The company will also try to save on employee travel and encourage them to hold business meetings virtually instead of in person.
A Disney Plus that isn’t profitable yet
Even though Disney added millions of new subscribers to its streaming services like Disney+, ESPN plus and Hulu in the last quarter, it has apparently not been able to survive the internet crisis. streaming.
However, it’s no secret that Disney continues to lose money on services like Disney+, even though it expects them to become profitable by 2024.
It’s still early to venture into any hypotheses, but it looks like the streaming market we’ve known before on services like Netflix will take a significant turn in the coming months.
Source: Computer Hoy
