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CNN CNN Newsroom June 4, 2024 14:54:00

Christine romans, but we have to put the tech layoffs in p persp perspective, because is this indicative of the larger market? this is the ad business that they are going to be streamlining and reorganizing essentially. so it is 1,000 people each week, and 1,600 by the end of the year, and this is what is happening at yahoo! and putting it in perspective since the other layoffs since the beginning of the year and it is 100,000 from tech and media and all of the big names. for a lot of the tech companies for yahoo it is reorganization, and for disney, it is a huge reorganization with bob iger coming back, and for many of the ceos they are saying, we got it wrong and we hired more people than we ever thought that we would need in the pandemic, and we thought that it would last longer than we thought, and they had to do a u-turn or course ....

Bad Business , Tech Layoffs In P Persp , Christine Romans , In The End , Tech Companies , Bbob Iger , Course Correction , U Turn ,

CNN CNN Newsroom June 4, 2024 14:46:00

Is back at the ceo, this is bob iger 2.0, undoing at lo t of things his predecessor did. this is a reorganization. this is not just just job cuts because you re looking to the future and seeing headwinds and maybe cutting head count. this is a reshuffling of how the business is going to look. that s what s happening at disney. wall street likes it. we ve seen it, when tech and media companies announce job cuts wall street rewards them. he s going to cut 5.5 billion in costs, 7,000 jobs. the far right of the graphic is since he game back as ceo of the company, down 41% from the peak in 2021 under pressure from investors and shareholders. and he came back it s bouncing back. losing less money in streaming. hoping to be profitable by 2024. and hoping by the end of the year to return dividend to ....

Tlo T , Bbob Iger , 2 0 , Head Count , Media Companies , Wall Street , Job Cuts , 5 Billion , The End ,

Exxon Unveils New Trading Division To Compete With Shell And BP

ExxonMobil has unveiled a new trading division as it aims to keep up with the likes of its peers, Shell and BP ....

White House , District Of Columbia , United States , Exxon Mobil , Wall Street Journal , Trading Division , Cut Costs , Business Model ,