Amid the mass firings in various tech companies including Meta and Twitter, another company has now joined the list. According to reports, Disney is planning to freeze hiring and also cut some jobs. According to a report in Reuters, the decision comes as the company strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty. Chief Executive Bob Chapek has sent a memo to Disney's leaders, saying that the company is instituting a targeted hiring freeze and anticipates "some small staff reductions" as it looks to manage costs. Twitter Layoffs: Employees Vent Their Frustrations Over Mass Termination Using Hashtag #OneTeam; See Reactions.
Disney To Cut Some Jobs
— Reuters (@Reuters) November 11, 2022
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