Woke Disney Prepares to Layoff Thousands
The Walt Disney Co. is now paying the costs of going ‘woke’ as its employees’ brace for brutal cutbacks and budget cuts.
Bob Iger, Disney CEO is expected announce thousands of layoffs. Extreme cuts When the company releases quarterly earnings on Wednesday.
These reductions are due to a terrible 2022 which saw company profits drop after it adopted woke ideology.
But Disney’s woes don’t end there.
Pro-Trump billionaire Nelson Peltz is also threatening the proxy fight against the company. Trian Fund Management holds more than 9,000,000 shares of company stock.
Peltz hopes to get a seat on Disney’s board and replace Clinton veteran Michael Froman.
Peltz is dissatisfied with the company’s performance. is being runIts ill-advised battle with Florida Gov. Ron DeSantis over the state’s anti-grooming Parental Rights in Education law.
The fight didn’t end well for Disney, which lost its privilege of self-governing status in the Orlando area.
Woke bloodbath
Disney is another victim to the current Hollywood bloodbath. Big Tech. These effects are threatening the advertising market by causing companies to reduce their advertising spends in light of skyrocketing inflation, and a potential recession.
Warner Bros. is one of the most affected. Discovery, Paramount and Netflix are just a few of the companies that have been affected.
The Walt Disney Co. had $123 billion taken from its market value in 2022.
As The Daily Fetched noted that 2022 represented Disney’s worst year since 1974, its financial woes come as the company increasingly embraces transgenderism, critical race theory, and other forms of woke politics in its entertainment aimed at children.
As we reported last November, Disney’s new animation adventure “Strange World,” Its first openly gay lead character was completely ignored by the box office.
It was criticized for being too progressive and imposing a progressive ideology upon children.
Disney will be celebrating its 50th anniversary this week came under fire Here’s another cartoon that declares America to be for young children. “built on slavery” Pushing ‘reparations.’
A special episode of The Proud Family: Louder, Prouder aired. It featured children who discover their town was founded in the name of the slave owner.
This episode is just months after Bob Iger, Disney’s new CEO, promised that he would. “quiet things down” The woke front.
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