Disney's Bob Iger Still Plans to Spend $30 Billion on Content While Laying Off 7,000 People

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Disney's Bob Iger Still Plans to Spend $30 Billion on Content While Laying Off 7,000 People
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In the face of an unprecedented profitability crisis and the repeated failure of its woke content, Walt Disney Co. executives seem to have settled on a solution: double down on the woke and fire rank-and-file employees.

, with no new Marvel or Star Wars series cracking the top 15 most-viewed streaming programs.

Disney’s streaming arms race with Netflix has resulted in a glut of content, leaving less money in the pot for employees who as always will have to bear the brunt of poor executive decision making. Disney has fully embraced wokeness in its movies and streaming content. Many of its shows for children put transgender and gender non-conforming characters in the spotlight, while series like the Disney+ animated show” and “still has not atoned” for its racism.

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