Disney CEO Bob Iger is expected to announce thousands of layoffs and drastic cuts when the company reports quarterly earnings on Wednesday.
The cuts come following a disastrous 2022, which saw the company profits tank after it embraced woke ideology.
But Disney’s woes don’t end there.
The company is also facing a proxy fight from pro-Trump billionaire Nelson Peltz, whose Trian Fund Management owns more than 9 million shares of the company.
Peltz is angling for a seat on the Disney board and replace Clinton veteran Michael Froman.
But Peltz is unhappy about how the company is being run, including its ill-advised fight with Florida Gov. Ron DeSantis over the state’s anti-grooming Parental Rights in Education law. Read more…
