Tech News Desk – The wave of retrenchment is increasing rapidly, every day some company or the other is announcing plans to take thousands of their employees out of the company on a large scale. Let us tell you that now entertainment company Disney has also announced to remove 7 thousand employees from the company. With this decision of Disney, 7 thousand people working in the company have lost their jobs. Big companies around the world are unable to get out of the economic recession, due to which companies are laying off people on a large scale to reduce expenses.
Company’s CEO Bob Iger has taken the decision to go to the job of Disney Layoff i.e. 7 thousand employees in Disney. Remind that he was handed over the command of the company only in December 2022 last year. Let us tell you that there has been a decrease of 1 percent in the subscribers of Disney Plus, after this decrease, the total number of subscribers of the company decreased to 168.1 million by 31 December 2022. Let us tell you that between October and December, the company has suffered a huge loss of $ 1 billion.
Let us tell you that it is also a challenging thing for Disney Plus that in December, while the number of Netflix users increased, the company lost its subscribers. Let us tell you that instead of laying off people to rein in the expenses, Netflix has taken several steps to prevent password sharing among the users.
This step of the company has increased the subscriber base. For the information of the people, let us tell you that from the annual report of the company for 2021, it was revealed that till October 2, 2021, the company had given jobs to about 1 lakh 90 thousand people. Of these, 80 per cent were working full time for the company.