The move by Nelson Peltz came a day after the company’s C.E.O., Bob Iger, announced a restructuring that will cut $5.5 billion in costs and eliminate roughly 7,000 jobs.
Category: Layoffs and Job Reductions
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Bob Iger’s Turnaround Plan for Disney Takes Shape
Shares jumped after the Disney chief executive unveiled plans to revamp its streaming business, cut costs, and formulate a succession plan.
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When Having a Baby and Losing Your Job Collide
At tech companies that spent recent years expanding paid parental leave, parents have felt the whiplash of mass layoffs in an especially visceral way.
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With Traditional TV in Free Fall, Disney Looks to Cut Costs
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But thousands of employees are expected to be laid off.
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Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants
The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”
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Staring Down Bankruptcy, Bed Bath & Beyond Says It Will Sell Stock
The struggling home goods retailer said it hoped the move would help it raise more than $1 billion and pay off its debts.
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Vox Media Is Raising $100 Million From Penske Media
The deal is the latest in a series of acquisitions and investments made by Penske Media, the owner of a swath of entertainment and trade publications including Rolling Stone and Variety.
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Vox Media Is Raising $100 Million From Penske Media
The deal is the latest in a series of acquisitions and investments made by Penske Media, the owner of a swath of entertainment and trade publications including Rolling Stone and Variety.
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Do You Work in the Auto Industry? We Want to Hear From You.
Sales of electric vehicles are growing fast, and automakers are investing billions of dollars in new technology and factories. We want to know how jobs are changing.