Disney layoffs no fairytale for 7,000 workers affected
And, as is often the case, it is those in the lower echelons of the organization who are paying the price.
It is a painful irony for all concerned – not only employees, but also customers, investors and anyone else who has strong feelings for this iconic brand that has cornered the market in selling fantasy and happiness to millions. He restructured to marginalize the creative ranks that are the lifeblood of Disney, firing senior creative executives and surrounding himself with bankers.star Scarlett Johansson, who claimed she lost millions of dollars because of his decision to release the film on the Disney+ streaming platform and in theatres simultaneously.
Meanwhile, he failed to energize the company’s streaming platforms, which sucked time, money and resources without offering convincing signs of hope. Whether or not Mr. Chapek believed he was bulletproof because of his mentor’s position and influence is unclear. The real mystery is why, considering the continuing destruction of value under his tenure, it took so long to blow the whistle.
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