(Trending Politics) Things aren’t going well for the Woke Kingdom, the Walt Disney Company, which saw a share price collapse and appears to be set for a round of layoffs after missing earning expectations by over $1 billion, with the Disney+ streaming service losing a whopping $1.5 billion. That’s a 40 percent greater loss than analysts were expecting from the woke entertainment giant’s streaming service.
Writing to executives in a letter obtained by the Wall Street Journal, Disney CEO Bob Chapek said that it is likely layoffs will have to happen at the company thanks to that weak earnings report.
In addition to the potential laying off of employees, CEO Bob Chapek announced, in the letter, more cost-saving measures that the WSJ reports include a hiring freeze at the company and more limitations…