Bob Chapek

2 results

Photograph: Etienne Laurent/EPA
Disney takes $5bn hit but avoids ‘unmitigated disaster’

Walt Disney Co on Tuesday avoided the unmitigated disaster some investors feared as it eked out an adjusted profit amid the coronavirus pandemic that (...)

Walt Disney will stop paying more than 100,000 employees this week as the company tries to weather the coronavirus lockdown. Photograh: Amy Sussman/Getty Images
Disney stops paying 100,000 workers to save $500m a month
  • Work
  • April 20, 2020, 12:04

Walt Disney will stop paying more than 100,000 employees this week, nearly half of its workforce, as the world’s biggest entertainment company tries t(...)