Disney Laying Off 7,000 In Major Cost-Saving Restructuring

Go woke, go broke. Disney executives steered their company directly into the radical woke movement and they’ve suffered the consequences. Several recent woke movies and shows have totally bombed, like Lightyear and Strange World, and that’s likely because the majority of Disney’s paying customers are parents who don’t want to pay Disney to indoctrinate their children with radical woke ideology. I know I’m one of those parents. In fact, I’m one of those paying customers who hasn’t been impressed with a lot of what Disney has been releasing, not jut kids content. Thor: Love and Thunder was stupid, crass, and not at all funny. I’m glad I didn’t pay to see it in theaters because we didn’t even finish watching it. And I’m not the only one who thought so.

Conversely, Disney’s wholesome Santa Claus show featuring outspoken conservative Tim Allen was extremely successful. That’s the kind of content Disney customers actually want. But one successful show hasn’t made up for the cost of going woke. So now, Disney is set to lay off 7,000 employees in a major restructure that is intended to save $5.5 billion. According to CNBC,

“On Wednesday, during its quarterly earnings call with investors, Disney also announced it would be cutting $5.5 billion in costs, which will be made up of $3 billion from content, excluding sports, and the remaining $2.5 billion from non-content cuts. Disney executives said about $1 billion in cost cutting was already underway since last quarter.

Disney also said it would be eliminating 7,000 jobs from its workforce. That would be about 3% of the roughly 220,000 people it employed as of Oct. 1, according to an SEC filing, with roughly 166,000 in the U.S. and about 54,000 internationally.”

I wonder if they’ve learned their lesson.