Disney Announces Hiring Freeze, Layoffs, Travel Expense Cuts

Disney Announces Hiring Freeze, Layoffs, Travel Expense Cuts
Bob Chapek of Disney talks during the Opening Ceremony of the Invictus Games Orlando 2016 at ESPN Wide World of Sports in Orlando, Fla., on May 8, 2016. Chris Jackson/Getty Images for Invictus
Jill McLaughlin
Updated:

The Walt Disney Co. appears to be the latest corporation to scale back hiring and spending as the economy cools.

The entertainment giant reportedly announced the changes to senior staff this week after a disappointing quarterly report released Nov. 8 sent stocks plunging to a 21-year low.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.
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