Walt Disney Co. is taking a look at reducing prices, in response to an inside memo to managers obtained by CNBC.
These may embrace layoffs, a ban on most firm journey and a hiring freeze.
The transfer by CEO Bob Chapek got here after the corporate reported sluggish fourth-quarter earnings and a $1.5 billion quarterly loss in its streaming enterprise final week.
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“I’m totally conscious this will likely be a tough course of for a lot of of you and your groups,” Chapek mentioned within the inside observe to administration. “We’re going to should make robust and uncomfortable selections.”
Firm shares are reportedly down about 40% in 2022.
Why it issues: Disney’s message to managers additionally labored as a public assertion for shareholders. Firm executives had been clear about its monetary wants and what steps wanted to be taken to get the corporate in a greater place sooner or later. Their feedback left little room for misinterpretation.
New layoffs at Twitter to affect content material moderation
The cuts are persevering with at Twitter.
Content material moderation and core infrastructure staff had been among the many firm’s reported 4,400 layoffs of contract staff over the weekend, Platformer’s Casey Newton reported.
Replace: firm sources inform me that yesterday Twitter eradicated ~4,400 of its ~5,500 contract staff, with cuts anticipated to have important affect to content material moderation and the core infrastructure providers that maintain the positioning up and working.
Individuals inside are shocked.
— Casey Newton (@CaseyNewton) November 13, 2022
Newton added that some contracted staff solely realized they had been laid off as soon as they couldn’t log into their Slack and e-mail applications. As well as, he reported managers weren’t notified of the layoffs.
The platform has confronted broadly reported monetary points, together with Musk telling staff in an all-hands assembly Thursday that the corporate may face chapter and wanted to lift subscription income to offset falling promoting {dollars} to “survive the upcoming financial downturn.”
Musk additionally mentioned over the weekend that the platform’s subscription service would make its return later this week after studies emerged Friday that Twitter Blue’s subscription service was being delayed whereas the corporate was addressing issues over faux accounts.
Why it issues: The corporate has mentioned it wished to boost content material moderation to appease nervous advertisers, but it surely continues to chop content material moderators. The contradiction retains advertisers away from the positioning and isn’t serving to the corporate’s picture.
Did NYC restaurant go far sufficient in response to discrimination claims?
A romantic Brooklyn restaurant responded to a TikTok declare that the enterprise discriminated towards Asian individuals
Annie, who doesn’t have a final title on her TikTok account, shared a video that confirmed Asian {couples} all sitting in One if by Land, Two if by Sea’s low-lit second stage, whereas different {couples} sat on the primary ground with higher lighting and furnishings.
“Let’s reduce to the chase: One if by Land, Two if by Sea racially discriminates towards nonwhite individuals, significantly Asians,” Annie mentioned within the video.
@rokug4n My assessment of a preferred dinner restaurant in NYC – One if by Land Two if by Sea #greenscreen #nyc #nyceats #foodie #asian #nycrestaurants #nycdinner
Others shared related experiences to Annie on the restaurant’s Yelp web page, however a consultant for the enterprise mentioned the allegations had been unfaithful.
“One If By Land, Two If By Sea has been in enterprise nearly fifty years and we delight ourselves on our service to our clients, no matter their coloration or nationality. I’ve labored on the restaurant for 30 years and the rationale it has stayed so in style is due to the heat every visitor receives as they stroll by way of the door,” Lisa Gardner, One if by Land, Two if by Sea’s director of particular occasions, instructed the NY Submit in an announcement.
Why it issues: The restaurant may have gone additional by listening to the issues raised by Annie and different Yelp reviewers to assessment their method to seating visitors. It’s good for companies to share that they’re welcoming to Asian Individuals. However different visitors could not really feel the identical welcome. There could also be no purpose for One if by Land, Two if by Sea to alter their insurance policies, however not listening sends an unwelcome message to clients.
TikTok spreads unhealthy weight reduction suggestions, research says
A brand new research says promotes “poisonous” weight-reduction plan habits, in response to a New York Submit story.
Within the PLOS One report, scientists checked out 1,000 movies utilizing ten hashtags that emphasised health or diet.
Research writer and College of Vermont Affiliate Professor Lizzy Pope mentioned the movies glorified weight reduction and meals being key to attaining well being and thinness.
“We didn’t see any skilled voices on this dialog,” Pope mentioned. “There are only a few docs or dietitians that had been interacting on this content material. So it was principally simply all individuals which are taking their private expertise and sharing it with the world which will be beneficial. However in diet, there’s a lot unhealthy info on the market, that now we have to be so cautious.”
Researchers feared the weight-loss info would have a adverse affect on TikTok’s youthful viewers.
“Every day, hundreds of thousands of teenagers and younger adults are being fed content material on TikTok that paints a really unrealistic and inaccurate image of meals, diet and well being,” Pope mentioned within the launch.
Why it issues: Younger individuals actively look to social media for well being info. There’s ample alternative for docs, hospitals and bonafide healthcare specialists to share helpful weight-loss info on this area.
Chris Pugh is a employees author for PR Every day. Observe him on Twitter and LinkedIn. Ship story concepts to ChrisP@Ragan.com.
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