The Mouse House will cut about 140 positions, around 2% of staff at Disney Entertainment Television and about 13% of jobs at NatGeo, which is among the worst...
A screen shows the trading info for The Walt Disney Company company on the floor of the NYSE in New York - Walt Disney plans to eliminate some jobs in its TV unit to cut costs in an eroding business, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Under CEO Bob Iger, who was brought back in 2022 to turn the company around, Disney has cut over 7,000 jobs and trimmed costs to invest in the highly competitive streaming business as consumers transition away from cable networks.The actor's new role as Doctor Doom in the Avengers movies will reportedly net him a salary of $79.5 million . He'll also receive extra payouts in "performance escalators" which will give him a share of box office revenue.
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