Walt Disney  will Cut down on  Costs

Walt Disney  is planning to freeze hiring and also will cut down on Costs

Chief Executive Bob Chapek has sent memo to Disney Leaders

The memo states freezing to be done on hiring and cutting on costs

The decision came after Disney missed out the Wall Street Estimates

Walt Disney  shares fell down 13% following its result

Walt Disney  has reported operating loss of $1.5 Billion

The Company has said that Disney+ will become profitable in fiscal 2024

Wall Street Experts are concerned over Disneys escalating streaming costs

Walt Bros Discovery have taken dramatic cost cutting efforts