The entertainment giant is repurchasing $8 billion in stock while simultaneously implementing layoffs and stricter office policies. Recent workforce reductions have impacted various divisions, including marketing, ESPN, National Geographic, and Pixar. These cuts follow earlier layoffs and a pullback on remote work flexibility. The company is also offering early retirement buyouts to executives, signaling potential further job eliminations. This strategy contrasts with the company's historical reputation for employee loyalty.
Burbank, California
https://www.inc.com/chloe-rosenberg/disney-is-buying-back-8-billion-in-stock-as-employees-face-layoffs-and-stricter-office-rules/91405866