Walt Disney to Cut Costs

[{"selector":"#anim-e61d433e-aa66-4e60-b475-455ba40b41e5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7ce89640-83c9-48fa-8974-e045e0b774d1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Walt Disney will Cut down on Costs

[{"selector":"#anim-e9aee068-5a2c-40ec-b838-22363e9d46ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-64c111ff-5a1a-499c-af22-4cdbb952d3a7","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Walt Disney is planning to freeze hiring and also will cut down on Costs

[{"selector":"#anim-8b5ff9c1-f5e3-430a-a328-5e2927e283e4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6193ba68-59ba-4ad6-acd8-2deef97cf891","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Chief Executive Bob Chapek has sent memo to Disney Leaders

[{"selector":"#anim-cd3d76c5-9c03-407f-990c-152971a84fb3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a8e37da5-767a-4321-b8e9-c33e06da6845","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The memo states freezing to be done on hiring and cutting on costs

[{"selector":"#anim-40e67e46-407c-4a15-b3e5-8f14cd648efa","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2d972723-67ab-4c5c-90bd-c8d97b30fe50","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The decision came after Disney missed out the Wall Street Estimates

[{"selector":"#anim-2c5940af-30df-466f-8d61-5eb1d602aa53","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-24989c1a-4da3-4c57-9f7e-0876d6763f5a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Walt Disney shares fell down 13% following its result

[{"selector":"#anim-a5bc236d-5c9a-44dc-b130-689c152adc4a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c0a1412a-bad6-46ed-bd31-6ec280ac58fb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Walt Disney has reported operating loss of $1.5 Billion

[{"selector":"#anim-4aa08e83-d851-413e-bd7b-70d57e53d538","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-165af811-c212-4ca9-8f83-24a322bda4e6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Company has said that Disney+ will become profitable in fiscal 2024

[{"selector":"#anim-f61e1416-26cb-4656-a64c-2c4e265c7d2c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a54895e0-7448-40da-8cfb-dc5f3bcaf9de","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Wall Street Experts are concerned over Disneys escalating streaming costs

[{"selector":"#anim-7bccfe5f-6e9c-4495-8d8e-81c320d91045","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-55db3081-90cb-4a80-9888-a2c4a42cd7bb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Walt Bros Discovery have taken dramatic cost cutting efforts