The company’s formed a “cost structure taskforce”
this year while reporting slower subscriber growth but noted during the last earnings call that its business remains profitable, unlike its premium streaming competitors, which include Disney.So far, there aren’t any details about how many workers may be affected, as Disney will start by forming a “cost structure taskforce” to go through its finances.
when CFO Christine McCarthy said Disney was “actively evaluating our cost base currently, and we’re looking for meaningful efficiencies.”The company is tightening its belt in other ways, too, with Chapek’s memo telling employees to conduct business meetings virtually when they can to cut down on travel expenses.
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