We continually evaluate ways to invest in our businesses and more effectively manage our resources and costs to fuel the state-of-the-art creativity and innovation that consumers value and expect from Disney. As part of this ongoing optimization work, we have been reviewing the cost structure for our corporate-level functions and have determined there are ways for them to operate more efficiently.
God am I fucking sick of shitty corpo speak. You’re laying people off. You’re firing them. Do the bare minimum and own up to it.
Was reading through the Third Quarter and Nine Months Earnings for Fiscal 2024 report.
Corporate and Unallocated Shared Expenses
“Corporate and unallocated shared expenses increased $33 million for the quarter, from $295 million to $328 million, driven by increased compensation costs and other cost inflation.”
So higher salaries for the corporate, pretty much? 🤷♀️
If anyone is interested: https://thewaltdisneycompany.com/the-walt-disney-company-reports-third-quarter-and-nine-months-earnings-for-fiscal-2024/
