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UNCOVERED: 29 | History Defined

Disney to cut 7,000 jobs in Bob Iger’s ‘transformation’ of entertainment giant

The cuts make up about 3% of Disney’s 220,000-person global workforce and come as the company beat Wall Street’s earnings forecasts.

Chicago Sun-Times

Disney to cut 7,000 jobs in Iger's company 'transformation'

The Walt Disney Co. says it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger

The Independent UK

Disney’s Iger reveals 7,000 layoffs in restructuring move

Disney World CEO Bob Iger revealed plans Wednesday to lay off 7,000 workers of the company’s global workforce, about 3% of the workforce.

Orlando Sentinel

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Disney's Bob Iger is swinging the ax as he plans to lay off 7,000 workers worldwide

Returning CEO Bob Iger is making a statement to his board about the company's finances moving forward.

WEKU

Bob Iger signals ‘significant transformation’ as Disney+ loses 2.4 million subscribers

Bob Iger is back at Walt Disney Co., but that doesn’t mean the entertainment giant is out of the woods yet.

Los Angeles Times

Troubled Disney needs new Ant-Man sequel to ignite successful launch of MCU’s Phase 5 amid recent critical bombs and Q1 results

With Disney's stock in the doldrums and an activist investor waiting in the wings, a lot is riding on Marvel's superhero shoulders.

Fortune

Disney urges shareholders to bin Nelson Peltz voting ballots

The Mouse House voiced skepticism as to the Trian co-founder's motives, arguing he lacks the necessary experience and would be disruptive at a key juncture in time for the media industry.

Fortune

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With '1619,' 'Summer of Soul' and 'The Plot,' Disney's diverse storytelling brand is making waves

LOS ANGELES — When Oscar winner Mahershala Ali and his producing partners made the rounds last year, pitching an adaptation of Jean Hanff Korelitz's bestselling novel "The Plot," it sparked a bidding war.

Los Angeles Times

Apple, Disney, Salesforce: Why are the world’s best companies failing to innovate on the future of work?

Disney and Apple have adopted a traditionalist perspective on how to innovate, which ironically hinders innovation, writes Gleb Tsipursky.

Fortune

Disney’s $5,000-per-package Star Wars-themed hotel is slashing prices as Iger navigates his latest headache

The Galactic Starcruiser is struggling to live up to expectations less than a year after launching.

Fortune

Here's what Disney's ousted CEO will receive for severance

Compare that to his 2021 salary of $32.5 million.

Fortune

Disney board: Peltz lacks 'skills and experience', offers no 'strategic' ideas

Disney also revealed that Peltz's campaign for a board seat had a surprise backer: Marvel chairman Isaac Perlmutter.

Fortune

Disney blasts activist shareholder campaign. Marvel chair played a role in board fight

The Walt Disney Co. has come out swinging against activist shareholder Nelson Peltz's campaign to join the company's board of directors, saying the billionaire lacks a basic understanding of Disney's business and has offered no strategic ideas.

Los Angeles Times

Democrats push back against the ESG pushback

In response to House Republicans’ plans to use their new majority to investigate the ESG movement, three Democratic senators penned an op-ed accusing their GOP colleagues of overstepping. The three senators—Sheldon Whitehouse (D-R.I.), Brian Schatz (D-Hawaii), and Martin Heinrich (D-N.M.)—also accused Republicans who oppose ESG of being anti-capitalist:

Ballotpedia

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Fortune

Workers hate being in the office so much, many would rather get a root canal

That’s one thing that can’t be done over Zoom.

Fortune

The walls are closing in on corporate employees as major CEOs at Disney and Starbucks demand that workers start returning to the office

The latest missives from high-profile CEOs could point to a major new development in the return-to-office wars.

Financial Times

The fight for Disney: Magic Kingdom prepares for battle with Nelson Peltz

Corporate drama pits chief executive Bob Iger against the veteran activist

France 24

Activist investor takes aim at Disney management, hoping for board position

Disney CEO Bob Iger is on the defensive after Trian Partners, which holds a $900 million stake in the company, published a report critical of his management and asked shareholders for a boardroom seat. The entertainment giant has seen its share price fall close to 40 percent in the past…

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WEKU

Disney employees must return to work in office for at least 4 days a week, CEO says

Disney CEO Bob Iger sent a company-wide email to employees Monday, mandating them to come back to the office to promote creativity and collaboration.

Daily Mirror

All major businesses demanding workers return to the office from Tesla to Disney

As hybrid working becomes the norm, we have created a round-up of the major companies and businesses that have turned their back on the policy and want their staff to return to in-person work

The Guardian - UK

Disney CEO Bob Iger tells staff to return to office four days a week

Chief executive told workers to treat ‘Monday through Thursday as in-person workdays’, according to email

Zenger

Its No Longer A Small World: Disney CEO Bob Iger Terminates COVID-19 Era Work From Home Policy

Disney CEO Bob Iger Terminates COVID-19 Era Work From Home

Los Angeles Times

Bob Iger orders Disney employees back to the office four days a week

The work-from-home era is over at Walt Disney Co.

Fortune

Stitch Fix founder Katrina Lake returns as CEO to save her company

Lake returns to her old job a year-and-a-half after handing over the reins.

Fortune

Could Jeff Bezos return as Amazon CEO? This analyst thinks so

After Amazon shed $1 trillion in value, could Jeff Bezos become the next CEO to return and save a troubled company?

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