Disney CFO Signals Potential for More Marvel Layoffs Amid Efficiency Push
By
Ray Flook
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
Disney CFO Hugh Johnston indicated during the company's quarterly earnings call that more layoffs at Marvel Studios and Marvel Entertainment are possible as Disney pursues a "culture of efficiency." This comes less than a month after Disney laid off approximately 1,000 employees, with Marvel divisions being particularly affected. The statement suggests ongoing cost-cutting measures at the entertainment giant.
Key quotes
· 3 pulledDisney CFO Hugh Johnston noted that more layoffs at Marvel and other areas were still possible as it moves towards 'a culture of efficiency.'
Less than a month after word came down that The Walt Disney Company would be laying off approximately 1,000 employees – with Marvel Studios and Marvel Entertainment being hit particularly hard
the possibility of more layoffs is still on the table as the company moves towards what it refers to as 'a culture of efficiency.'
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