He has autographed many of the prominent films in recent years. Disneyit has miracle, Star Wars relying on the power of brands such as: Disney+ platform was scheduled to begin generating revenue in fiscal year 2024.

Disney, seeking to achieve this ambitious goal, has halted all recruiting processes, according to the latest news. It is even stated that the company could start layoffs in the near future. also earlier metaMany companies, such as Twitter, had said goodbye to many of their employees.

Operating costs make Disney think

Disney CEO Bob Chapekin an internally shared message, “Achieving the goal of making Disney+ profitable in fiscal 2024” stated that some cost reduction methods will be applied. According to this note from CNBC Disney will now significantly curtail recruitment. The goal is to stop recruiting altogether. For the time being, however, the necessary critical roles will be recruited. Chapek also noted in the note that a number of staff reductions are expected.

Recently Disney+ 4th quarter figures was revealed. Although the number of users of the platform increased by 12.1 million, the company’s operating costs reached $1.5 billion. While the company expects the loss of the platform to decrease in the future, the basis of this expectation lies in the fact that price increases will allow the broadcasting platform to attract more subscribers and Disney+ subscriptions with ads.

On the other hand, Disney isn’t the only company to have had major layoffs lately. head of meta Mark Zuckerbergannounced they would lay off 11,000 employees. Elon Musk He also fired a large number of employees at Twitter. Amazon also recently decided to stop hiring new employees in corporate offices.