The Walt Disney Company has seen quite a few changes over the past couple of weeks.
Former CEO Bob Chapek was replaced with another former CEO Bob Iger, and we’ve been keeping track of all the updates that have happened since then — including why Iger was chosen to return, his salary, and more. Today, the CEO is hosting a Town Hall meeting for Cast Members, and now we have an update on the hiring freeze originally announced by Bob Chapek.
Earlier this month, former Disney CEO Bob Chapek shared information about a potential hiring freeze coming to The Walt Disney Company in a memo to leaders. The news was in response to the company’s less-than-stellar earnings during the fourth quarter.
Chapek indicated that Disney would be “limiting headcount additions through a targeted hiring freeze” and that the changes were being made “against a backdrop of economic uncertainty that all companies and our industry are contending with.”
Since Chapek’s dismissal from Disney, many were wondering if the hiring freeze would still move forward or if Iger was planning on putting a stop to it. But during the Town Hall, we learned that will not be the case.
According to CNBC, no plans are currently in place to stop the previously announced hiring freeze.
Iger went on to share that he realizes this is “a challenging time for everyone involved” and that the company “will remain resilient.”
To learn more about the latest news with Bob Iger and The Walt Disney Company, check out our posts below:
- Bob Chapek Stepping Down As Disney CEO, Bob Iger Returns to Position
- NEWS: Disney Stock Prices Rise After Iger Announced as CEO
- Bob Iger Thinks Choosing Bob Chapek as Next Disney CEO Was a Mistake
- Why Bob Iger Replaced Bob Chapek
Stay tuned to AllEars for more Disney news and updates.
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What do you think of the recent changes? Let us know in the comments!