Disney CEO Bob Chapek predicts ‘staff reductions’ among measures to make streaming platform profitable by 2024

Benjamin Jackson
By Benjamin Jackson
Published 14th Nov 2022, 14:11 BST
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The House of Mouse set to be the latest global business to take cost cutting measures in effort to make Disney+ streaming platform profitable by 2024.

Disney is the latest big company that is looking to cut costs ahead of a predicted global pandemic. The news comes hot off the heels of announcements by both Twitter and Meta that they would be cutting staff in order to balance the books in the past week.