Disney CEO Bob Chapek is predicting “some staff reductions” once the company reviews its spending, according to a leaked memo published by CNBC. The company will also reportedly freeze most hiring, only bringing on new employees for “the most critical, business-driving positions.”
If Disney does end up carrying out a round of layoffs, it’ll be far from the only one among the companies pushing streaming services. Dozens of workers have lost their jobs at Warner Bros. Television and
