Disney Pays Price of Going Woke as Company Prepares Thousands of Layoffs, Budget Cuts

SHARE
TWEET
Disney Pays Price of Going Woke as Company Prepares Thousands of Layoffs, Budget Cuts

The Walt Disney Co. is paying the consequences of going ‘woke’ as its employees’ brace for brutal cutbacks and budget cuts.

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.

The fight didn’t end well for Disney, which lost its privilege of self-governing status in the Orlando area.

Woke bloodbath

Disney is another victim of the current bloodbath affecting Hollywood and Big Tech. The effects are cratering the advertising market as companies pull back on ad buys amid skyrocketing inflation and a looming recession.

Among those affected include Warner Bros. Discovery, Paramount, and Netflix.

In 2022, The Walt Disney Co. saw a whopping $123 billion wiped from its market value.

As The Daily Fetched noted that 2022 represented Disney’s worst year since 1974, its financial woes come as the company increasingly embraces transgenderism, critical race theory, and other forms of woke politics in its entertainment aimed at children.

As we reported last November, Disney’s new animation adventure “Strange World,” featuring its first openly gay character, completely flopped at the box office.

The movie faced massive criticism for what parents said was forcing a progressive ideology on children.

Just this week, Disney came under fire again for a cartoon aimed at young children declaring America was “built on slavery” and pushing ‘reparations.’

The Proud Family: Louder and Prouder aired an episode featuring children discovering their town was founded by the slave owner.

The episode comes just months after the new CEO of Disney, Bob Iger, promised to “quiet things down” on the woke front.

READ MORE: Disney Employees, Police Chief Arrested in Massive Sex Trafficking Sting

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit
Subscribe
Notify of
guest
8 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Bobby Mcgee
Bobby Mcgee
1 year ago

Let us shun them and let them B**n to the ground. Down with the technofascists! Down with the church of wokeness!

Wayne
Wayne
1 year ago

I am hoping it will be at least a couple of hundred thousand.

Sputnik
Sputnik
1 year ago

Is that magic enough for you?

Collier
Collier
1 year ago

Go woke, go broke

Bill
Bill
1 year ago

Now think of the cost to shut down/re-model Splash Mountain and the decreased tickets from a fan favorite being no more.

Doug
Doug
1 year ago

Ding Dong the witch is dead!

Donald Link
1 year ago

Disney broke the first rule of b******s, “Don’t break what works.” The shareholders will probably have something to say at the next election of directors. It appears that the state of Florida is already having its say.

Ross Vaughan
Ross Vaughan
1 year ago

Walt Disney would be horrified at what his company is doing to children, our most innocent and valuable audience.
Disney features were apolitical only showing normalcy, pride in self and selflessness to others.

Breaking

Trending

FBI Quietly Releases Unclassified on Ashli Babbitt While Americans Were Distracted by Solar Eclipse
FBI Quietly Releases Unclassified on Ashli Babbitt While Americans Were Distracted by Solar Eclipse
The FBI chose to release unclassified documents regarding Ashli Babbitt while most Americans were looking...
Largest U.S. Egg Producer Suddenly Halts Production, Destroys 2 Million Chickens
Largest U.S. Egg Producer Suddenly Halts Production, Destroys 2 Million Chickens
The largest egg producer in the United States announced it is halting production at its Texas plant and...
Tiffany Smiley Gives CNN Hosts Reality Check on Political Persecution of Trump
Tiffany Smiley Gives CNN Hosts Reality Check on Political Persecution of Trump
Republican political figure Tiffany Smiley issued a brutal reality check to hosts during an appearance...
Liberals Meltdown after Trump Claims Biden Soiled Himself in Oval Office
Liberals Meltdown after Trump Claims Biden Soiled Himself in Oval Office
Former president Donald Trump ignited a leftist meltdown after claiming at a fundraiser that Joe Biden...
Liberal California School Teacher Berates 'Privileged White Boys' in Bizarre Unhinged Rant - WATCH
Liberal California School Teacher Berates 'Privileged White Boys' in Bizarre Unhinged Rant - WATCH
A California public high school teacher has gone viral after a video posted on X showed her engaging...
Boeing Insider Reveals Alarming Reason Company Is Failing: Everything's Gone 'Woke'
Boeing Insider Reveals Alarming Reason Company Is Failing: Everything's Gone 'Woke'
A Boeing insider has made new revelations about the company’s current state, warning that remote...
Trump Calls to End Funding to NPR after Bias Scandal: ‘Not One Dollar’
Trump Calls to End Funding to NPR after Bias Scandal: ‘Not One Dollar’
Former president Donald Trump has demanded a complete end to the funding for leftist media outlet NPR...
MTG Suggests Speaker Johnson Is Being Blackmailed: ‘What Do They Have on Him?’
MTG Suggests Speaker Johnson Is Being Blackmailed: ‘What Do They Have on Him?’
Representative Marjorie Taylor Greene has speculated that Republican House Speaker Mike Johnson could...
Country Music Star Suffers Massive Heart Attack after Performance
Country Music Star Suffers Massive Heart Attack after Performance
Country music singer and rapper Colt Ford was rushed to hospital shortly after his performance in Arizona...
Electric ‘E-bike’ Bursts into Flames at London Train Station
Electric ‘E-bike’ Bursts into Flames at London Train Station
An E-bike, lauded as the safe and environmentally friendly means of transportation in the UK capital...
8
0
What are your thoughts? Click to commentx
()
x

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.