‘I Am Fully Aware This Will Be A Difficult Process’: Disney to Freeze Hiring, Possibly Conduct Layoffs, Per Internal Memo
Disney is tightening its belt. Steven Ferdman I Getty ImagesDisney CEO Bob Chapek. The media and resort company’s CEO Bob Chapek wrote in an internal memo sent to Disney leaders on Friday that it will embark on cost-cutting initiatives, from slimming down business travel to reducing hiring to potentially laying off employees, CNBC first reported.…