Woke Disney isn’t cutting it these days. While they continue to groom and sexualize children with their woke agenda, people are starting to boycott Disney. They missed their earning by nearly a billion dollars and are expected to announce mass layoffs before either Thanksgiving or Christmas.
CEO Bob Chapek of Disney told executives that layoffs at the entertainment giant were likely, just days after a weak earnings report that missed expectations by over $1 billion, the Wall Street Journal reported Friday, citing an internal memo.
The email also announced a hiring freeze among other cost-saving measures including a request to limit travel without prior approval from executives, according to the WSJ. The company missed expectations for its fourth quarter earnings on Nov. 8 after losing nearly $1.5 billion on its Disney+ streaming service, nearly 40% worse than what analysts anticipated.
“I’m fully aware this will be a difficult process for many of you and your teams,” Chapek said, according to the WSJ. “We are going to have to make tough and uncomfortable decisions.”