CEO Bob Chapek also said the company is undertaking a 'rigorous review of the company’s content and marketing spending.'
Kerry Washington on the L.A. Mayor's Race and Hitting the Campaign Trail Because "Democracy Is on the Ballot"
For starters, Chapek, McCarthy and general counsel Horacio Gutierrez will make up the company’s cost structure taskforce, which “will make the critical big picture decisions necessary to achieve our objectives,” per Chapek. In the meantime, Disney is implementing a targeted hiring freeze, with only business critical roles being filled, and business travel is being restricted to “essential” travel only.
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