SunSeeker
SunSeeker's JournalDisney announces hiring freeze after dismal earnings report
Disney plans to institute a targeted hiring freeze and eliminate some jobs after the company’s latest earnings report sent shares plummeting earlier this week, CNBC reports.
“We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads obtained by CNBC. “Hiring for the small subset of the most critical, business-driving positions will continue, but all other roles are on hold. Your segment leaders and HR teams have more specific details on how this will apply to your teams.”
Disney shares hit a 52-week low Wednesday after the Burbank-based entertainment giant missed earnings expectations and announced that its streaming service, Disney+, lost $1.47 billion last quarter despite adding 12 million subscribers.
On Tuesday’s earnings call, Chief Financial Officer Christine McCarthy told investors that losses will narrow in 2023. Chapek says Disney’s streaming business will become profitable by the end of 2024.
https://ktla.com/news/local-news/disney-enacting-hiring-freeze-after-dismal-earnings-report/
They've been jacking up prices at the Disney theme parks. I guess it was to try to make up for the losses at Disney+ streaming service.
Tiffany Cross 'Disheartened' By MSNBC Ouster, Says 'My Work Is Not Done'
The outspoken weekend anchor, whose show was cancelled earlier Friday by the NBCUniversal-owned cable outlet, said in a statement Friday night that her freewheeling, outspoken style was on the mark for a disruptive era in politics, and indicated she would continue her work elsewhere.
“I am disheartened to learn of MSNBC’s decision to cancel my show, ‘The Cross Connection,’ at such a crucial time — four days before the midterm elections,” Cross said, while spotlighting the program’s ratings. “And we were intentional about centering marginalized voices of the rising majority — from all communities of color.”
MSNBC cut ties with Cross unexpectedly Friday morning, telling her production staff of the decision Friday morning, according to three people familiar with the matter. A rotating group of anchors will lead her weekend hours until a replacement is found, and the production staff assigned to her show is believed to be likely to stay in place.
At partial issue, according to people familiar with the matter, are on-air volleys between Cross and commentators like Tucker Carlson and Megyn Kelly, who have criticized the MSNBC anchor’s views in recent months, sometimes spurring across to retort. MSNBC executives felt the segments were not up to standards, but Cross supporters wonder why the network didn’t do more to shield her from the criticism. After all, the show drew an average of more than 600,000 last month, according to Nielsen, though it captured fewer viewers than its time-slot rivals on Fox News and CNN.
https://variety.com/2022/tv/news/tiffany-cross-disheartened-msnbc-tv-news-1235423889/amp/
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