Woke Disney Prepares to Layoff Thousands
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 …