Disney+ Establishes ‘Cost Structure Task Force’, Enacts Targeted Hiring Freeze: Memo
Disney (DIS) is putting the brakes on spending after the company reported weak fourth-quarter earnings, which sent the stock plummeting to a new 52-week low as investors focused on the media giant’s mounting streaming losses . In an internal memo obtained by Yahoo Finance, Disney CEO Bob Chapek told division chiefs on Friday that the …
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