3 ms·

According to the article, subscriber growth forecasts are down and the new (returning) CEO is combining business units.

• hgsgm 4y ago
  If subscriber forecasts are down, they should invest in projects to grow subscribers.
  • harles 4y ago
    They probably are and it’s likely a different set of people than those that were laid off.
  • satvikpendem 4y ago
    Yes, that's what they're doing, by taking the money saved from layoffs and investing it into new projects.
  • trynewideas 4y ago
    Or figure out why they, and all other streaming services, are unable to retain subscribers.[1] (Like, say, people subscribing to a service to watch some content, then unsubscribing and joining another service. Or the ripple effect of one subscription raising prices and people suddenly reassessing their subscription spend.) So of course the response to rational behavior anyone not in a boardroom can easily understand, is to lay off some of the people who aren't in the boardroom. 1: https://www.investopedia.com/should-disney-investors-be-wary-of-streaming-churn-5212655 https://www.investopedia.com/should-disney-investors-be-wary...
    • midoridensha 4y ago
      >Like, say, people subscribing to a service to watch some content, then unsubscribing and joining another service. Or the ripple effect of one subscription raising prices and people suddenly reassessing their subscription spend. Or people getting their black ships out of storage, hoisting the sails, and returning to sailing the high seas.