Disney will undergo major restructuring

Just Do It
2023-02-09

Last night $Walt Disney(DIS)$ announced its latest financial results, in which the company announced a major restructuring and plans to cut 7,000 jobs in order to achieve cost savings of about $5.5 billion. The new structure will be divided into three core divisions: Entertainment, Parks, and ESPN, and the company also plans to cut $2.5 billion in costs in its non-content businesses.

It's worth noting that the restructuring is designed to help the company better achieve profitability in its streaming business, and the company has reaffirmed its commitment to achieve that goal by 2024. The company said it will no longer provide long-term subscriber forecasts in its earnings report. News of the restructuring and layoffs had a positive impact on Disney's stock price, which rose 8.1% after hours, indicating that the market is confident in the company's future prospects.

Finally, I think Disney's restructuring shows that the company is trying to transform itself to adapt to changes in the market. Layoffs and cost reductions may have an impact on employees, but if the company can achieve its goals, it will be a move that will benefit the company going forward. The market reaction to this restructuring shows that the company is making the right decision.

@Daily_Discussion @MillionaireTiger @TigerStars @CaptainTiger @MaverickTiger 

Modified in.2023-02-09
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Comments

  • BerniceCarter
    2023-02-09
    BerniceCarter
    Disney's strong track record of developing successful movies and television shows makes it a sound investment choice, right?
  • AndreaClarissa
    2023-02-09
    AndreaClarissa
    Transforming itself is really significant in my opinion.
  • FrankRebecca
    2023-02-09
    FrankRebecca
    Disney's presence in the streaming space is likely to be a positive force for the company.
  • jas68
    2023-02-09
    jas68
    got it thanks for sharing
  • drandy
    2023-02-09
    drandy
    thanks for sharing šŸ‘
  • ChristineWBL
    2023-02-11
    ChristineWBL
    nice
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